Part-time exempt employees who work year-round (12 months) at 50% FTE or greater accrue vacation on a prorated basis. The full-time annual accrual is 24 days, which is multiplied by the employee’s FTE to determine their total yearly accrual.
Vacation is accrued monthly at a rate of 2 days per pay period, also prorated by FTE.
The value of each vacation day is based on the employee’s standard workday, calculated by dividing weekly scheduled hours by five. This figure represents the employee’s standard workday.
For example, an exempt employee scheduled to work 30 hours per week has a standard workday of 6 hours (30 divided by 5). Each accrued vacation day for this employee is therefore equivalent to 6 hours.