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I work for a company that doesn't have expiring vacation days. They are payed out at 100% at your current salary the day you quit, get fired, or retire. We ha
by skittles 15y ago
I work for a company that doesn't have expiring vacation days. They are payed out at 100% at your current salary the day you quit, get fired, or retire. We have a large amount of employees that use this as an additional retirement account. I can't imagine banking all my vacation time!
- barrkel 15y agoThat's a dangerous strategy to rely on. The company may not ultimately be able to afford such payouts.
- marshray 15y agoDo you have that in writing? I wonder if they think they could simply discontinue that policy. Actually, I worked a a place that allowed you to "sell back" your vacation time as actual hours worked. They could be made to count for time-and-a-half overtime. If you did that on a week that also had a company holiday, you'd kind of get into this triple-bonus-category. It was great until some guy sort of abused it and sold back a few weeks while also working a bunch of overtime over a two-holiday pay period.