Does your company let you cash out vacation?

[alkemyst]

Pretty good deal for me...I carried over a week my first year now each year I use one and cash out one for the vacation I will take.

I have an extra week in the 'bank', so I could in theory cash out two at a time.

The other companies I worked for had a use it or lose it policy which in my line of work was in their favor.

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[KLin]

My last day with my company is next friday, so I'll be receiving compensation for whatever vacation I have left when I leave.

EDIT: To answer your question no they do not, but our vacation carries over from year to year. They do cap the number of days you can accrue though.

 

[mugs]

Nope. But I wouldn't even if they did. I like a break from work.

 

[her209]

I don't know... I have 200+ hours of vacation.

 

[DurocShark]

I miss having that option.

 

[Dacalo]

I can only do that if I leave the company. Last job, I had around $5,000 worth, but got taxed the $hit out of it, and ended around $3,000.

 

[Syringer]

My first summer job I had 4 days. Cashed it in at the end and got an extra $500.

 

[Midlander]

Only when I retire and even then it's capped at a reasonable level. They used to allow people to cash it in after reaching a certain level in the company, but stopped that policy about 20 years ago.

 

[alkemyst]

Originally posted by: mugs
Nope. But I wouldn't even if they did. I like a break from work.

I am taking my vacation still...a full week.

I can technically take two weeks and still cash out one.

 

[BornStar]

I can cash out at any point in the year. I don't get that many vacation days so there's no real reason for me to.

 

[BoomerD]

WTH is vacation? You mean PAID TIME OFF? Sheesh, not in construction...but then again, we DO get about $3.00/hr extra paid into a separate account that is called "Vacation Pay"...and gets taxed on your check when you earn it, but you still get the entire amount paid into your account.
I DID work for a public utility company for several years, and while we couln't cash out our vacation, we were allowed to roll it over, and accumulate up to 3 yrs worth on the books...THEN, if you didn't use it, you'd lose it as it accumulated...we also had the right to accumulate comp time, (work 1 hr. O.T., get 1-1/2 hr pd time off) THAT you could cash out on demand, IF they denied you the time off when you requested it.

 

[FoBoT]

if they do , it isn't advertised
i'd have to read the policy stuff on the hr web page

 

[Aharami]

use it or lose it. and I use it...all!

 

[kranky]

They allow you to sell back up to one week of vacation, or buy an extra week.

But after that, you have to use it or lose it.