The total compensation offered to an employee may be broken down into direct, indirect and intangible compensation. Direct compensation involves monetary payments to employees for time worked or results obtained.
Intangible compensation involves non-monetary rewards.
To be eligible for most of these programs, an individual must be a regular employee and be appointed for a minimum of 20 hours per week for at least four and a half months. Less than full-time, benefits eligible employees, will accrue the benefit on a proportional basis. The following is a brief description of the more common paid leave programs. To be eligible for holiday pay, an employee must be on paid status on both the day before and the day after the holiday. The number of holidays observed each year fluctuates.