Paid Parental Leave
Paid leaves for all employees associated with the birth of an employee’s own child or the placement of a child with the employee in connection with adoption or foster care. Employees are compensated at the following levels:
- Maternity Related Disability Leave = 8 weeks paid at 100% full base salary
- Bonding Leave = 4 weeks paid at 100% full base salary
- Adoption or Fostercare = 4 weeks paid at 100% full base salary
Paid Military Leave
VCM is committed to supporting our employed military service members with paid time off for active or temporary military duty in the National Guard or as a Reserve of the Armed Forces. Any full-time or permanent part-time employee is entitled to Paid Military Leave. All full-time and part-time employees are eligible for up to 480 hours of full pay in a calendar year. This includes employees who, whether voluntary or involuntarily, are called or activated to service, and/or for participation in Annual Training.
Flex Paid Time Off
All exempt employees (collectively referred to as “Flex Time Employees”), will be eligible for Flex Paid Time Off (“FPTO”), this will apply to all routine time-off for purposes such as vacation, relaxation, religious observance, personal or family needs, and non-extended illness or injury. This policy does not apply to absences that may be covered under other Firm policies, including but not limited to, Family and Medical Leave, Pregnancy-Related Disability Leave, Paid Parental Leave, and Workers’ Compensation. The appropriate Firm policies should be consulted for any non-routine time-off. Employees who are eligible for the FPTO policy are not eligible for SPTO (defined below).
Standard Paid Time Off
VCM recognizes the need to provide full-time and part-time employees who are not Flex Time Employees with standard paid time off (SPTO) from work for rest and relaxation, to attend to personal business or due to occasional illness or injury of the employee or a family member. Although time away from work is important, it is equally important for employees to be at work when they are scheduled to work. SPTO is used for both scheduled and unscheduled absences.
VCM Community Volunteerism Policy
Victory encourages employees to become involved in their communities, lending their voluntary support to programs that positively impact the quality of life within these communities. Employees are permitted to take the equivalent of 2-regularly scheduled workdays to a maximum of 16 hours per calendar year for community activities.