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Need a policy because of a recent regulatory change? We’ve got it for you. Need some quick training on a specific HR topic? We’ve got it for you. HR Insider provides the resources you need to craft, implement and monitor policies with confidence. Our team of experts (which includes lawyers, analysts and HR professionals) keep track of complex legislation, pending changes, new interpretations and evolving case law to provide you with the policies and procedures to keep you ahead of problems. FIND OUT MORE...
How to Create Overtime Banking Agreements

Many employees prefer trading overtime pay for paid time off. Banking of overtime, aka time-off in lieu, is an arrangement that enables employees to earn paid time off by working overtime hours. The way it works: For each hour of overtime worked, the employee earns 1.5 hours of time off paid at their regular wage rate. The earned hours (or, in BC, dollars) go into an overtime bank that the employee can draw from within a certain period. But employment standards laws impose strict limitations on overtime banking; some jurisdictions even ban it altogether. Here are the 6 things you must consider before entering into overtime banking arrangements with your own employees.
1. Whether Overtime Banking Is Legal in Your Jurisdiction
The first thing you must do is determine whether overtime banking is even an option for your organization. Explanation: Employees generally can’t contract out of their employment standards rights, such as by agreeing to work for less than the minimum wage. However,...

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