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Assuming the company has to pay the employees for their vacation time I don’t see how this saves the employer a significant amount of money in any situation oth
by nsl73 6y ago
Assuming the company has to pay the employees for their vacation time I don’t see how this saves the employer a significant amount of money in any situation other than paying out vacation during a mass lay-off.
Am I missing something?
- docdeek 6y agoIt does seem weird. Maybe in Canada the vacation pay needs to be put aside in an account as time off is accrued? If this was the case they might be being paid out of cash that is on-hand and reserved for vacation payments. The company would be getting five days of work out of an employee, paying them five days, but 20% of that money might be coming out of cash already stocked for paying vacation time out.