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Berger · 07-17-2012, 01:41 AM

Most companies use the banked time system so they dont have to pay you overtime. Or if you dont want the banked they pay you out at straight time every cheque. The company I work for does the same thing, banked anything over 40 at straight time. They however didn't have a mandatory time frame to use the banked time. Over 9 months in the winter I accumalated over 360 hours of banked time (9 weeks) and decided to take the entire summer off. So there are some perks to the banked time system. Needless to say though my company has now installed a 4 month time frame to use banked time.

07-17-2012, 01:41 AM	#8
Berger Crash and Bang Winger Join Date: Jul 2004 Location: cowtown Exp:	Most companies use the banked time system so they dont have to pay you overtime. Or if you dont want the banked they pay you out at straight time every cheque. The company I work for does the same thing, banked anything over 40 at straight time. They however didn't have a mandatory time frame to use the banked time. Over 9 months in the winter I accumalated over 360 hours of banked time (9 weeks) and decided to take the entire summer off. So there are some perks to the banked time system. Needless to say though my company has now installed a 4 month time frame to use banked time. __________________ Hey Goldberg, I bet if that puck was a cheeseburger you'd stop it!