Home Page Forums Benefits, Payroll & Compensation Vacation Accrual Rate – Monthly Hours

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    Hello All!

    I would like to find some comparison data for vacation accrual for an organization of a similar size.  We are about 200 employees, primarily in Nebraska but scattered in 6 states total.

    Our policy currently accrues as follows:

    1.  Individuals will be credited with 7 hours of vacation on the first of each month following their first month of employment

    2.  After completing 5 years of service, individuals will be credited with 8 hours of vacation on the first of each month following their five year anniversary date.

    3.  After completing 10 years of service, individuals will be credited with 10 hours of vacation on the first of each month following their 10 year anniversary.

    In addition we state: At no time can anyone’s vacation bank exceed their annual allotment plus 40 hours.  If anyone’s bank exceeds that amount, he/she will stop accruing hours until his/her balance is again below their annual allotment plus 40 hours.

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