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> They are also frequently chosen because they mean employers don't need to cut employees a check for vacation time not taken when they leave. Ding ding ding!
by minikites 12y ago
> They are also frequently chosen because they mean employers don't need to cut employees a check for vacation time not taken when they leave.
Ding ding ding! This is a big reason that doesn't occur to most people but saves the employer stacks of money.
- opendais 12y agoYep. It saves them money and in most environments no one takes off significantly more time than they would otherwise.
- enraged_camel 12y agoYeah, if there was a blanket "we will give you a check worth 10-20 days worth of vacation time when you leave" policy on top of this, I'd be down for it. As things stand though, you're absolutely right.
- fit2rule 12y agoActually, usually it doesn't save anyone money but the loan company that is guaranteeing the payroll/salary expenses for the year/month/terms that most companies have arranged. Big surprise: a lot of times, companies borrow their payroll and pay the loan off quarterly; in many of these cases, insurance is required, and the insurer is the source for these so-called 'industry standard practices' you seem to have noticed are going on.