Policy Proposal for Overtime Banking In response to the result of the recent employee satisfaction survey, which indicates a need for improved work-life balance and increased paid time off, our company is exploring the option of introducing a cohesive overtime banking policy. If we are working in Manitoba, Ontario, Saskatchewan, It is important to be sure that the policy is in line with the laws and requirements of each province and offers the best benefits to all the employees. Legislated policy of each province In all the three provinces where we work, overtime hours can be banked if there is a mutual agreement between the employer and the employee. The method of calculating overtime hours varies slightly between Manitoba, Ontario and Saskatchewan. A. Manitoba: The employees in Manitoba qualify to receive overtime pay after 8 hours per day or 40 hours per week, whichever is greater. The banked overtime hours must be taken within three months, unless an extension has been approved by the Director of Employment Standards. Every banked hour is equal to 1.5 hours of time off, paid at the employees' current regular pay rate. B. Ontario: The employees in Ontario are qualified for overtime pay after 44 hours of work per week, like Manitoba, banked hours are converted at a rate of 1.5 hours of time off per overtime hour worked. The banking period is also three months, with a possible extension up to 12 months if mutually agreed by the employee and the Company