Hivemind - does my now former employer have to pay me out vacation leave? Ta.
eta:
No, our vacation policy states that vacation and/or sick time has no monetary value. We do not pay out for time not taken.
Well, shit.
'Smile Time'
Off-topic discussion. Wanna talk about corsets, duct tape, or physics? This is the place. Detailed discussion of any current-season TV must be whitefonted.
Hivemind - does my now former employer have to pay me out vacation leave? Ta.
eta:
No, our vacation policy states that vacation and/or sick time has no monetary value. We do not pay out for time not taken.
Well, shit.
I would say time accrued would have to be paid unless there are special circumstances.
No, our vacation policy states that vacation and/or sick time has no monetary value. We do not pay out for time not taken.
They suck so much.
Is that legal to say vacation time has no monetary value? What a fucked up policy.
That... fails logic. If it's part of their compensation package (like, "we offer n days of vacation a year"? as opposed to "for these random two weeks, you're furloughed with no choice in the matter"?), it has a value, no matter how hard they try to douchemonkey their way out of it.
Is that legal to say vacation time has no monetary value? What a fucked up policy.
This is my question.
An employer may lawfully establish a policy or enter into a contract denying employees payment for accrued vacation leave upon separation from employment, so long as the employer has properly notified its employees in writing of the vacation policy. N.C. Gen. Stat. § 95-25.12; NC Dept. of Labor FAQs; NC Admin. Code 13 NCAC 12.0306.
Sorry, smonster.
our vacation policy states that vacation and/or sick time has no monetary value.
This varies state-to-state. In California, it counts as wages, but most states don't assign it value. It's a gift.
Vacation payouts depend on state law, I'm pretty sure. In California you've got to pay it out, but I'm pretty sure that's because the legislature made it so.
No, our vacation policy states that vacation and/or sick time has no monetary value. We do not pay out for time not taken.
It totally depends on the state. Sadly, it looks like this might be legal in NC: [link]