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#1382957 - 04/28/10 05:24 PM
vacation policy-what's yours?
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Power Poster
Joined: Apr 2005
Posts: 4,013
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Would like to hear from other banks. For non officers, hourly wage employees, what is your vacation policy, i.e. 2 weeks after first year, increases to 3 weeks after 10 years, 4 weeks after 20 years, etc. Also, any "personal" or sick days?
Same topic, but for next ups, i.e. maybe salaried but not officers and then officers. Not interested in Executives.
Last edited by Trees; 04/28/10 05:25 PM.
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#1382997 - 04/28/10 05:46 PM
Re: vacation policy-what's yours?
Trees
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10K Club
Joined: Jun 2004
Posts: 19,857
Pulling people out of the ditc...
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non officer, 1 week first year is hired by June 30, nothing first year hired July 1 on. years 2-10, 2 weeks. upward of 10 years, 3 weeks.
bank officer and avp - 3 weeks at 5 years, and 1 additional day each year after to 10 years. 3 weeks at 10 years.
vp, svp, 3 weeks to 15 years, 4 weeks after
evp, 3 weeks to 10 years, 4 weeks after
president - 4 weeks
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#1383121 - 04/28/10 06:44 PM
Re: vacation policy-what's yours?
HappyGilmore
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100 Club
Joined: Feb 2007
Posts: 127
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Management (VP's and up) 1st January 1st 2 Weeks, 3rd January 1st 3 Weeks, 6th January 1st 4 Weeks.
Officers: 1st January 1st 2 Weeks, 4th January 1st 3 Weeks, 11th Janaury 1st 4 Weeks.
Staff: 1st January 1st 2 Weeks, 5th January 1st 3 Weeks, 13th January 1st 4 weeks.
News hires received prorated vacation during their year of hire. So no one has to wait a year for vacation.
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#1383178 - 04/28/10 07:10 PM
Re: vacation policy-what's yours?
hrlady
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10K Club
Joined: Oct 2006
Posts: 14,390
Cheeseheadland
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Non-Exempt FT: Yrs 0-2 7 days a year: Yrs 3-5 11 Days a year; Yrs 6-10 17 days a year; Yrs 11-20 22 days a year; Yrs 20 and up 23 days a year.
Exempt FT: Yrs 0-2 12 days a year: Yrs 3-5 17 Days a year; Yrs 6-10 18 days a year; Yrs 11-20 24 days a year; Yrs 20 and up 25 days a year.
Officer: Yrs 0-2 13 days a year: Yrs 3-5 18 Days a year; Yrs 6-10 20 days a year; Yrs 11-20 27 days a year; Yrs 20 and up 29 days a year.
Sick time ranges anywhere from 6 - 60 days annually depending on classification and years worked. I currently have 20 a year.
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#1383372 - 04/28/10 11:56 PM
Re: vacation policy-what's yours?
manylayers
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10K Club
Joined: Jul 2001
Posts: 83,371
Galveston, TX
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Do a search - this is long dead horse in this forum.
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The opinions expressed here should not be construed to be those of my employer: PPDocs.com
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#1384296 - 04/30/10 03:46 PM
Re: vacation policy-what's yours?
rlcarey
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Power Poster
Joined: Apr 2005
Posts: 4,013
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I wanted the most current trends possible, but I'll search for similar threads anyways. We're looking at policies for non-officer/exempt staff. Looks like its still all over the place.
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#1384323 - 04/30/10 04:02 PM
Re: vacation policy-what's yours?
Trees
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10K Club
Joined: Oct 2006
Posts: 14,390
Cheeseheadland
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I wanted the most current trends possible, but I'll search for similar threads anyways. We're looking at policies for non-officer/exempt staff. Looks like its still all over the place. And it will be as long as you continue to ask in this forum, since it is a national forum. What we offer here in Wisconsin, and down in Texas, may likely not be the trend in your area. Ther are so many considerations that go into this that we even vary from the banks down the block including, staff tenure, staffing needs, business model, legacy considerations, and so on. You would be best served by seeking out your local SHRM group.. they will either have this data for your local, or can help point you in the right direction. Remember, any free analysis is worth exactly what you paid for it.
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I don't repeat gossip, so listen closely...
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#1384339 - 04/30/10 04:18 PM
Re: vacation policy-what's yours?
#Just Jay
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10K Club
Joined: Jul 2001
Posts: 83,371
Galveston, TX
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I agree with JJ and your biggest employment competitors may not even be banks.
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The opinions expressed here should not be construed to be those of my employer: PPDocs.com
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#1384532 - 04/30/10 06:50 PM
Re: vacation policy-what's yours?
rlcarey
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Power Poster
Joined: Apr 2005
Posts: 4,013
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Good points. Our policies are old. Most non-banks in the area have more generous vacation packages. I just wanted to see if any bank is still asking people to wait 10 years prior to a 3rd week....and we are not alone as indicated above.
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#1384685 - 04/30/10 09:05 PM
Re: vacation policy-what's yours?
Trees
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Gold Star
Joined: Jul 2003
Posts: 306
Northern MN
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We have to wait 15 years to get 3 weeks.
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#1388007 - 05/07/10 08:00 PM
Re: vacation policy-what's yours?
MaryRink
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Power Poster
Joined: Apr 2005
Posts: 4,013
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OMG. That is all I can say, MaryRink. Bless you all.
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#1388047 - 05/07/10 08:26 PM
Re: vacation policy-what's yours?
Trees
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Gold Star
Joined: Jun 2005
Posts: 287
Center of US
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Between 10 and 15 years we get one more day each year up to 15 and then don't get four weeks till we have been here 20 years
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#1388105 - 05/07/10 09:14 PM
Re: vacation policy-what's yours?
NLC
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Diamond Poster
Joined: Aug 2006
Posts: 2,407
Midwest
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Here, all employees must work 6 months to get 1 week vacation (depends on hire date if you can take it during first calendar year or not). Must work 3 full years to get 2 weeks of vacation. 10 full years to get 3 weeks. 20 full years to get 4 weeks.
6 paid sick days per year for everyone. Bank officers get 12 paid sick days per year. No sick days roll over - "use it or lose it" during that calendar year.
Zero personal days. Zero comp days. Zero floating days. 10 (same as Federal Reserve) paid holidays per year (this is new this year for us - we used to get only the big ones i.e. Christmas, New Years, Thanksgiving, Memorial Day, Labor Day).
Last edited by BurntSienna; 05/07/10 09:18 PM.
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#1389122 - 05/11/10 05:10 PM
Re: vacation policy-what's yours?
Trees
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Junior Member
Joined: Apr 2009
Posts: 26
Maryland
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2 weeks, 3 weeks after 5 years, 4 weeks after 10 years. We also give 3 personal days and 7 sick days.
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#1389285 - 05/11/10 07:51 PM
Re: vacation policy-what's yours?
trytocomply
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Diamond Poster
Joined: Oct 2002
Posts: 1,027
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10 paid holidays, 2 personal days per year-cannot carry over; 6 sick days per year (no dr. excuse required but must be personal illness or illness of one for which you are the primary care giver) that accrue until 90 days when disability pay takes over; vacation 2 wks. with 1-9 years service; 3 wks. with 10-24 years service; 4 wks. with 25+ years service; vacation days do not carry over; Additional days = $4 donation per payday to United Way gets you 1 day off; $2 donation per payday gets you 1/2 day off; participating in the state banking association sponsored wellness program gets you 1 day off. There is no distinction between exempt and non, just length of service.
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