Singleton strikes again

Anybody think economic conditions will ever improve enough for the furloughs, and no paid vacation to go away or for the 401k contributions to return? Honestly? If the company gets to determine it, why should they ever bring paid vacations back?

 

I'd be worried about the possibility of a bigger picture issue regarding the vacation time.

Companies are not required by law to provide paid vacation time. But in some states, the law says that if they do give it they are required to pay out any unpaid vacation time when the company and the employee part ways. So any unused employee vacation time is a financial liability to a company.

I'm sure that's how the bean counters are looking at this latest move, instead of just looking for ways to fuck people over. But I wonder why Singleton is decreasing this particular liability en masse.

 

Indeed. It's part of a pay package, and therefore they're required to pay it out, the same as they'd be required to pay you for any time you worked before you left.

They're not required to give it, just like they're not required to give you any particular salary above minimum wage. But they can't just yank it back, just like they can't retroactively lower your pay rate when you quit.

 

True. But one reason I can think of is that an employee would be more apt to follow a company's rules on vacation time if they are actually getting paid for it. Otherwise, the company wouldn't be able to limit the amount of time someone could take off, unless they chose to threaten a firing. Granted, the employee wouldn't be making any money.