In Canada we have the option to take the vacation pay as cash as a lump sum when requested (no associated ROE hours) or as time off, which would show as insurable hours on the ROE, or on every cheque.

Ideally, we should be able to setup a single vacation pay, and employee by employee decide whether it gets retained or paid out on every cheque (now we make a second calculation which can get complicated with non-vacationable items and payrgoup benefits OR enter the accrual in the payout every time)

When employees take the vacation payout, we should have the choice whether to treat it as TIME or DOLLARS (even an insurable hours box next to the payout box or EVEN BETTER, pay type 5 or a new type would allocate to the vacation bank instead of overhead.

by: Jenna Y. | over a year ago | Payroll