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Company Pay Policy

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This document sets forth a company policy for a standard pay schedule. The policy covers payroll dates, the accrual of vacation time, overtime pay, lost paychecks, and non-exempt employees. Payroll dates are the standard first (1st) and fifteenth (15th) of each month under this policy. This provision can be used by small businesses or other entities that wish to establish an employee payroll policy in addition to overtime pay and vacation accrual.

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									This document sets forth a company policy for a standard pay schedule. The policy
covers payroll dates, the accrual of vacation time, overtime pay, lost paychecks, and
non-exempt employees. Payroll dates are the standard first (1st) and fifteenth (15th) of
each month under this policy. This provision can be used by small businesses or other
entities that wish to establish an employee payroll policy in addition to overtime pay and
vacation accrual.
                                     Company Pay Policy
It is the policy of                         [PROVIDE NAME OF COMPANY], that the
company will pay employees by check or direct deposit bi-weekly, and in a manner that
complies with all applicable state and federal laws and regulations.

All company employees will be paid on the first and fifteenth day of each calendar
month. If those dates fall on a weekend, or a recognized holiday, the company shall pay
the employee on the working day prior to those dates.

For every pay period, employees will receive a written statement showing their gross pay,
all deductions and net pay. It will also show the state, federal and social security tax
deductions. Employees may elect to have additional deductions taken out of their pay,
which will be reflected in their statement. No other deductions will be taken unless they
are specifically authorized in writing.

In the event a paycheck is lost, or an error is found, the Human Resource Department
should be notified immediately. Any errors will be remedied promptly. In case a check
is lost, the Human Resource Department will promptly stop payment on the check, and
issue a new one. If however, a company is unable to stop payment on a check and it
results in a monetary loss to the employee, the company will not reimburse the employee
for a lost or stolen paycheck, unless the loss is due to a mistake or error on the part of this
company.

If an employee has accrued vacation time, they may receive an advance of their vacation
pay as long as the request is made in advance of a planned vacation. Under normal
circumstances, no other advancements will be made by the company.

Non-exempt employees will be paid overtime pay at the rate of one and one half times
their normal rate over and above the normal forty (40) hours worked.

Non-exempt employees will also be eligible to receive regular pay at one and a half time
their normal rate for hours worked on the weekend, regardless of hours the number of
hours worked per week.

{Instruction: The above paragraph is optional. Many companies give additional pay
for work done on the weekends. Many companies do not, since it is a common practice
in their company and/or in their industry to work on weekends. If overtime pay will
not be given, the company should delete the above paragraph.}




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