2 ms·
creating and enforcing arbitrary policies It's actually not an arbitrary policy to limit vacation time. The Sarbanes-Oxley Act requires companies to report ac
by byoung2 16y ago
creating and enforcing arbitrary policies
It's actually not an arbitrary policy to limit vacation time. The Sarbanes-Oxley Act requires companies to report accrued but untaken vacation time as a liability on their balance sheets.
Since companies are required to pay out vacation time upon termination, and some states don't allow caps on accrued vacation, bumping you from 2 weeks to 4 weeks now could be risky. What if you never use the 2 extra weeks? Fast forward 20 years to your retirement, and they could be forced to pay you 40 weeks pay in a lump sum.