Banked hours scheme. 2.9.1 What does this concern? ▪ The banked hours scheme applies to construction site employees. Banked hours under this scheme comprise mandatory additional hours and/or travel time. ▪ The object of the scheme is to address peaks and troughs in the company workload. In periods when there is a lot of work (often in the months of April to October) the employee banks hours, which the employer can then use to have the employee work fewer days during periods when less work is available (generally from November to March). ▪ The financial settlement of these banked hours is handled by the Time Savings Fund in the manner set out in clause 4.15 and Annex 4.
Appears in 4 contracts
Samples: Collective Agreement, Collective Agreement, Collective Agreement
