For the convenience of employees, their pay is automatically deposited in their personal bank or credit union accounts by noon on payday. Employees can distribute their pay up to four different ways, guaranteeing they receive their money on time every time.
VARIABLE COMPENSATION PLANS
DLO's Goalsharing Plan recognizes and rewards employees for the continuous improvement of their organization. This plan is paid in cash. All regular full-time, part-time and on-call employees with more than six months of service are eligible to participate. Eligible earnings do not begin to accrue until after six months of service.
TIME OFF WITH PAY (TOP)
DLO employees are provided Time Off with Pay. TOP may be used for vacation, personal needs, and incidental sick time. Hours are accrued each pay period based on the hours worked.
Employees begin accruing TOP after three months of service. Full-time employees (scheduled to work 40 hours per week) accrue 5.54 hours per pay period, or about 13.5 days for the remainder of the first year. At the first anniversary of employment, the accrual increases to 6.15 hours per pay period, or approximately 20 days per year. The rate of accrual continues to increase with longer service.
At the end of an employee's first calendar year, all TOP is carried over for use in the next year. At the end of each subsequent year, the ability to carry over and be paid unused TOP is subject to statutory requirements. To be eligible for this benefit, the employee must be regularly scheduled to work 20 or more hours a week.
All accrued but unused TOP is paid to employees when they leave the company
In addition to TOP, those employees who are regularly scheduled to work 20 or more hours per week are also paid for six holidays each year: New Year's Day, Memorial Day, Independence Day, Labor Day, Thanksgiving, and Christmas Day.