Thanks to all that responded to our question regarding your practice on cashing out of vacation hours. In summary:
19 responses
13 No, of which 3 are considering some payout.
6 Yes, all of which have a 50% of balance rule/up to 40 hours max, of which 3 only permit at time of financial hardship.
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Disclosure
The following are a collection of thoughts, ideas and information shared among BEDC members for the purpose of general informational exchange. The information provided has not had a legal review; and does necessarily reflect the employment laws of any or all of the fifty states.
BEDC asks you to use these samples for information only as you research, determine, validate your own organization's policies, practices, and culture.
BEDC makes no representations to the soundness of the examples or the express or implied opinions and guidance contained therein.
"Not professional advice - If you need specific advice (for example, medical, legal, financial, or risk management) please seek a professional who is licensed or knowledgeable in that area."
BEDC asks you to use these samples for information only as you research, determine, validate your own organization's policies, practices, and culture.
BEDC makes no representations to the soundness of the examples or the express or implied opinions and guidance contained therein.
"Not professional advice - If you need specific advice (for example, medical, legal, financial, or risk management) please seek a professional who is licensed or knowledgeable in that area."
About Us
- The Biotech Employee Development Coalition of San Diego
- BEDC SD consists of more than 100 companies from the San Diego area who have joined together to promote professional and corporate growth in the life sciences and affiliated industries. BEDC is the regionally recognized provider of human resources information to the San Diego life sciences industry.
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