Contract 101 – Let’s Talk About Compensation
/If you have a half-hour to spare next Wednesday afternoon, join us at 2:00 p.m. EDT for the next presentation of IAPE Contract 101. IAPE representatives will review all forms of compensation described in our collective agreement, including standby pay, shift differential, holiday pay, overtime and—the form of compensation we probably receive more questions about than any other—comp time.
We’ll also talk about our July 1 pay increases and whether you qualify for our 3.75% compensatory increase or a larger raise. We’ll highlight past IAPE studies of pay inequities at Dow Jones, and we will explain how an IAPE Pay Review can be valuable when discussing pay adjustments with your manager.
Visit the IAPE Events page to register for this Zoom event.
Holiday Pay – It’s for Everyone
During Wednesday’s compensation class, we’ll explain how Holiday Pay is different from other forms of “extra” pay. It’s not overtime, because all IAPE-represented employees are eligible to receive Holiday Pay. It’s not comp time, because Holiday Pay is paid in cash and time off (or cash and extra cash). And there is no limit on how much Holiday Pay you can earn, if you are required to work on a contract-recognized holiday.
There are two contract holidays occurring during the month of May: for members working in Canada, Monday is Victoria Day. For those of us based in the United States, May 26th is Memorial Day.
If you are required to work a contract-recognized holiday (see Article VIII-A or VIII-B of the IAPE/DJ contract for lists of those), you are entitled to Holiday Pay: 1.5X pay for all regular hours worked, and 2X pay for hours in excess of your regular workday. You also are entitled to a day off in lieu of the holiday or an additional day’s pay.
For holidays occurring after July 3 in any calendar year, you get to choose between the extra day or the extra pay.
Learn more about qualifying for Holiday Pay and all forms of “extra” compensation contained in the IAPE contract. Join us Wednesday, May 21 at 2:00 p.m. EDT for Contract 101 - a look at compensation.