YEAR-END PAYROLL DATES
Please share this important information with those employees who report to you.
The Payroll Office will be closed from Thursday December 24, through January 3. Payroll will reopen on Monday. January 4. Employees will be paid according to the following schedule:
MONTHLY PAYROLL – All employees paid on a monthly basis with direct deposit will have their accounts posted on Thursday December 31.
BIWEEKLY PAYROLL – All employees paid on a biweekly basis will be paid for the period of December 13–26 on Thursday, December 31.
Due to the Christmas Holiday, time sheets for the period of December 13–26 for pay date of December 31 MUST be submitted by 10 a.m. on Friday December 18 and approved no later than 4 p.m.
Hours worked and recorded on the time sheet for the pay period of December 13–26 2020 should be estimated to be adjusted if needed on the following pay period.
HOLIDAY SHUTDOWN / TIME RECORDING
December 25 and January 01, 2021 are national holidays. Eligible non-exempt (hourly) employees who are required to work on December 25, and January 1 will be paid for the hours worked plus an additional ½ time for working on the holiday for a total of 1 ½ times their hourly pay rate.
December 24, 28, 29, 30, and 31 are university holidays. Non-exempt (hourly) employees who are required to work on any of these days must record that time as hours worked on the timesheet. Non-exempt employees will be paid at their regular hourly rate for work performed on December 24, 28, 29, 30, and 31. Non-exempt and exempt employees, who work December 25 and January 1, 2021, may take a floating holiday for each day worked with the approval of the supervisor; provided that the floating holiday is used between December 2, 2020 and January 31, 2021. Floating holidays issued for this purpose that are not taken by January 31, 2021 will be forfeited. There will be no exceptions.
As a reminder, nonexempt employees must record all hours worked on the timesheet and any hours worked over 40 in the work week will be compensated at 1 ½ times the employee’s regular hourly rate.
Please share this information with your employees.
If you have any Payroll questions, please call 7-3336 or contact us via email at payroll@iit.edu.
HAPPY HOLIDAYS!