IQVIA Benefits Handbook
PAID TIME OFF
Exempt Employees
IQVIA provides all exempt employees a discretionary paid-time-off plan. In general, most exempt positions are not eligible for overtime pay.
Employees who are exempt under the Fair Labor Standards Act (FLSA) have the opportunity to take Discretionary Leave, and will not accrue paid time off during the year. Exempt employees working less than 20 hours per week are not eligible for Discretionary paid time off. Discretionary leave provides eligible employees with time off for personal reasons, including vacation or any personal purpose.
Discretionary Leave may not be used in lieu of other types of leaves appropriate for a specific situation, including but not limited to, short term or long-term disability, Family Medical Leave (FML), military leave, jury duty, workers' compensation, sick time and/or bereavement leave.
Non-Exempt Employees
Non-exempt employees will be on a flat accrual vacation schedule.
Full-time employees working 37.5-40 or more hours per week
If you are a non-exempt full-time employee working 37.5 to 40 or more hours per week, you accrue 13.334 hours of vacation time on a monthly basis.
Part-Time Employees Working 30-<37.5 Hours Per Week
If you are a non-exempt part-time employee working 30<37.5 hours per week, you accrue 10.00 hours of vacation time on a monthly basis.
Part-Time Employees Working 20<30 Hours Per Week
If you are a non-exempt part-time employee working 20<30 hours per week, you accrue 6.67 hours of vacation time on a monthly basis.
Annual Carryover
California, Colorado, Montana, Nebraska, and Nevada Residents: Regular non-exempt full-time and part-time employees may accrue and carry over up to 1.5 times your annual accrual to the next calendar year. Once an employee reaches their 1.5 times annual accrual cap, they will stop accruing paid time off. After an employee uses accrued vacation hours and falls below the 1.5 times annual accrual maximum, their accrual will resume.
All other U.S. Residents: Regular non-exempt full-time and part-time employees in all other states will not be allowed to carry over hours into the next calendar year. Employees should plan to use paid time-off in the year in which it is accrued.