Rumor has it that starting in 2023, vacation days will be pro-rated across the year. If you leave Jan 1, you would get no paid-in-lieu for any vacation entitlement. If you take your full 2-6 weeks vacation early in the year then leave half way through, they will deduct the "unearned" vacation days from your final check.
22 replies (most recent on top)
Fine. Change a long standing policy and Prorate the vacation, but can you please leave us alone about working from home and stop trying to convince us of the benefits of sitting at a desk for 40+ hours a week? With WE3, you want us to come into the office and forage for a d$mn desk! These horrible decisions have nothing to do with competitiveness and everything to do with control. It does nothing but breed resentment in your employees. Prorating vacation will not stop people from leaving with vacay $$. It will only change the timing. If this company wants to be competitive, offer a bonus structure and flexible work policies. Our annual increases are laughable. If you really want to rid the company of older workers, offer to bridge folks to retirement eligible age. Trust me, the line would be long to leave. How much money did this company make this year? And vacation proration is what we’re doing? So d-mb and insulting!
Is this true? If so leaking out ahead of planned schedule will definitely pass of TG and the benefits gang in HR for sure. Keep the drip line on and leaking.
Well instead of quitting / retiring in January this is the new play. Use as little vacation as possible, when ranking comes around ask your supervisor to deem you NSI, take the PIL, take a 3 month vacation, and collect almost all of your vacation in cash. Does Exxon realize they employ a lot of smart people that can game them right back?
Conversation between 2 EM Executives
Exec 1: I bet you can make attrition in December exceed attrition in January.
Exec 2: Hold my beer. Vacation accrual system implemented.
You guys get vacation?
- rotator
@ugk If you are US based you should have received an email to that effect
Forced to leave 02/2021 - collected severance package, got paid full year 2021 vacation days, took pension lump-sum at lowest interest rates, transferred EM 401K to outside IRA & loaded up with EM stock. Entire portfolio up >50% YTD. Thanks to EM, my forced leave - a blessing in disguise. Big smile on my face. Will never look back. LOL
Sinking ship with rats at the top.
Competitive benefits don't mean cutting services from all direction to the point they are below others. Looks like the HR and PR machinery is in action in here.
Looks like the HR in command, TG is not yet satisfied with reduction in employee benefits while collecting her bonus for doing so. Kudos to this HR leader. 👏🏼
All of those that are saying that other companies already have policies like these and supporting the downgrade in employee services you in the process are also validating that a company once considered premier is now getting worse day by day. And you guys other companies have even better benefits like better vacation, bonus, and much better employees serviced including true flexibility. So don't even compare!
@OP Practically every large company does this.
Personally, I’m against it, because whenever I bring up compensation to recruiters/HR, they blow a bunch of hot air about how my benefits (vacation included) are a part of my “compensation package”. Ergo, I should be able take the pay in lieu of unused time when I depart the organization, but of course it doesn’t work that way, because it isn’t “compensation” in any meaningful sense of the word.
These so-called “benefits” are really just tricks for lowering salaries. Try actually using some of these supposedly great benefits they offer and see what happens. Just f^cking pay me the money instead. I can figure out my own healthcare, thank you.
HR has determined that US resources are not competitive.
It’s also cheaper, and healthier, for you to quit over a prolonged time.
Hence, the policy is competitive.
"A sign of what? That HR ensures our policies are competitive? What is wrong with that?"
Honest question. How does this change keep us competitive? These seems like a downgrade
As an experienced hire, I got shafted on my vacation. So NEW experienced hire will get more vacation than me?
"It’s not the cause, just a sign"
A sign of what? That HR ensures our policies are competitive? What is wrong with that?
Been like this in the rest of the world for years. Welcome to the global competitive marketplace America.
It’s not the cause, just a sign - if you’re planning on keeping it at double digit percentages (as in company plan), you want to stop giving ppl vacation $$$.
If they wanted to stem attrition, you’d see less restrictive HR policies.
How is this change keeping attrition high?
The big deal is that they’re clearly planning on keeping attrition high, otherwise there was no need to change the policy.
Changes to vacation policy are taking place. They are giving experienced hires FULL credit for previous service time and not 10 years maximum I just received an extra 2 weeks per year for 6 weeks vacation..
Prorated vacation very common in US companies. No big deal if true
Well, instead of having a wave of resignations January-to-March, we will have it September-December.
This is just an accounting game that won't change the inevitable.