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Anecdotally, I and most of my coworkers don't typically use all our vacation days because my company has a 300 hour accrual cap, and it can be useful to store u
by scottLobster 4y ago
Anecdotally, I and most of my coworkers don't typically use all our vacation days because my company has a 300 hour accrual cap, and it can be useful to store up a big reserve depending on your objectives. I know some people who just maintain the cap and use their accrual hours each month so they aren't losing anything.
- tough 4y agoI guess it's a neat psychological trick like airline points
- jldugger 4y agoWell, every time you get a raise they're worth more at least.
- hattmall 4y agoJust curious? How are airline points a trick in your opinion?
- tough 4y agoIt makes me think of the gift cards grift. [0] You're basically giving your money away to the airline to keep, instead of having it in your bank account. It's not real money, if the airline goes bankrupt tomorrow do you have your points? [0] - https://www.bitsaboutmoney.com/archive/more-than-you-want-to-know-about-gift-cards/ https://www.bitsaboutmoney.com/archive/more-than-you-want-to...
- JCharante 4y agoHow are airline points a trick? I've literally saved thousands without changing my spending habbits. Well actually one of my habbits is now reading about airline, hotel, and credit card points as a hobby, but it's still not spending more. With very minimal effort you can literally have an effective 25% rebate on all flights.
- markild 4y agoIt's there to give you an incentive to choose a given airline. It doesn't mean that you are being taken advantage of, per se, but it probably affects the choice of airline.
- tough 4y agoYes this is what I mean, they're there to keep you captive, and thinking you're saving. Let me put it this way, you might get a 25% cashback on a 1000 flight, but there might be a 500 flight alternative from another lowcost competing airline which you didn't even consider or knew it existed due to their points moat or whatever
- nullc 4y agomore commonly: which you knew existed but didn't take because the $1000 flight was on your employer's dime while the points were something you benefited from personally -- essentially a kickback scheme.
- JCharante 4y agoWhile there can be some price discrepencies between legacy full-service carriers, usually it's not too big. Low cost carriers will definitely offer flights at a huge discount but the experience is so awful that I refuse to fly them.
- ghaff 4y agoAt least with an accrual max system, you can track your time and just start slowly bleeding it off when you get near the cap. With use it or lose it, it's easy to get near the cutoff date and now you have a bunch of time to use which may not be the best use for you while the company may also have to deal with a lot of people taking time off at the same time.
- TheAdamist 4y agoMy company has a 400 hour cap, and i bump along it for half the year. Maybe one week of actual vacation a year, it takes time to plan and money to actually go anywhere. And then you need a staycation after to recover from the "vacation" anyway. Bigcorp though.
- ghaff 4y agoTotally different from my experience. But it sounds like you don't actually like to go on extended vacations (or at least prioritize to do so).