How to Calculate Vacation Pay in B.C.
- 1
All employees with more than five calendar days on the job in British Columbia are entitled to vacation pay.paperwork image by Pix by Marti from Fotolia.com
Calculate calendar days worked. In British Columbia, employees must work at least five calendar days to qualify for annual vacation pay. Employees employed more than five days earn vacation pay retroactive to the first day of work. - 2
BC farm workers earning piece-rate still qualify for vacation pay.labour 05 image by thierry planche from Fotolia.com
Determine if your job falls under the Employment Standards Act. Farm workers who earn piece-rate instead of an hourly wage still qualify, but should contact the B.C. Ministry of Labour if they suspect their vacation pay is not included in the piece-rate wage. - 3
Commission sales jobs pay vacation pay calculated as a percentage of base wage plus commission.sales manager checking the sales image by Peter Baxter from Fotolia.com
Calculate on top of wage and commission in sales positions. Commission sales jobs are eligible for vacation pay. Vacation pay is calculated on any base rate plus commissions. Commission paid during a vacation period does not substitute for vacation pay. - 1
Employers must pay employees at least 4 percent of their regular wage in vacation pay.calculation image by Alexey Klementiev from Fotolia.com
Understand the employer's responsibility. B.C. employers are required to pay at least 4 percent in vacation pay under the Employment Standards Act. - 2). Choose a payment schedule. Employees may receive vacation pay on each paycheck or in a lump sum payable at least seven days before a scheduled vacation period.
- 3). Document the schedule. If the employer and employee both agree to distribute the vacation pay on each paycheck, this agreement must be documented in writing and signed by the employee.
- 4). Give an increase after five years. Employers are required to increase the rate of vacation pay to 6 percent after five years of employment.
- 1
Ask for vacation pay in advance to use on vacation.vacation image by Vladislav Gajic from Fotolia.com
Request vacation pay at least one pay period ahead of time to receive it at least seven days before a booked vacation. - 2
Check deductions and vacation pay to ensure accuracy.check and pen in close up image by Alexey Klementiev from Fotolia.com
Check each paycheck to ensure the employer calculated the proper amount of vacation pay. Many companies use software for payroll; however, it is a good idea to double check vacation pay and deductions to ensure their accuracy. - 3). Ensure accumulated vacation pay is paid upon termination. An employer cannot withhold vacation pay on termination of employment. According to the Employment Standards Act, all vacation pay is due with the final paycheck.
Determine Eligibility
Set Up Vacation Pay
Redeem Vacation Pay
Source...