daughtersrus
DIS Veteran
- Joined
- Feb 26, 2002
- Messages
- 6,658
Just to clarify, these are sick days, not personal days. If you don't use them, you can not cash them in at the end for extra pay.
Just to clarify, these are sick days, not personal days. If you don't use them, you can not cash them in at the end for extra pay.
Just to clarify, these are sick days, not personal days. If you don't use them, you can not cash them in at the end for extra pay.
Another reason why I like our PTO policy instead of separate sick/vacation/personal days. All of our days are lumped into one PTO pool and if we leave our companies policy is all remaining PTO will be cashed out and included in our final check.
When my mother retired from the post office, you could use these accrued sick days to retire earlier. If you had 6 months of sick time acquired, you could use those for your last six months and then retirement would kick in.
However, I have PTO and, like Firedancer, this time would be included in my last check. Otherwise, I would not be using this time.
This is a benifit usually only given to union employees.
Dont flame me but yes I would use at least some if not all if I hadnt given notice maybe a day or two if I had.. Why? First this is part of your benifits. Employers determine your pay based in part by how much your benifits cost them. ie I have 20,000 for this employee minus what Im willing to give in benifits (say $5000) so I will offer them 15,000. It is already on the books as an outstanding payment on their balance sheet. You are not CHEATING your employer.
About 10 years into my career I learned my lesson. I was a workaholic never using sick days at the hospital I worked at. Then a coworker who never used a day in 15 years got laid off with 6months in the bank.. The employer took 6 month pay and put it right back in their books. It was a determining factor in layoff..Do you layoff and employee who makes more and you get a 6month salery boost to your books or a young kid who makes less and has nothing in the bank? They picked money over talent and loyalty.
This is a business/benifit decison not a moral one. It is YOUR money.
That being said if I had two weeks benifit and only two weeks left I wouldnt use them all. If I worked for a very small business that had been good to me and would be hurt I would be aware of the impact. However the bigger the business the more they seem to nickle a dime their employees. They treat it like a business decision and so should you.
In regards to retiring early with PTO, that would be pretty hard to do here. We do have a maximum number of PTO days (actually we do hours not days so we can take a hour of PTO if we want to leave early or come in late) we can roll from year to year. We don't lose them but we do have to cash them out at the end of the year.
I feel PTO is a much better option not only for the employee but for the employer. When I started here we were on a traditional time off schedule with separate sick days and there was a group of us that put together the PTO idea and presented it to the board. Not only do the employees get all the time they are entitled to but there is a lower chance of last minute call offs if someone wants to not lose a sick day. A lot of people, whether you think it is right or not, will call off as sick to not lose the days. This can cause staffing problems. With PTO they can just let you know in advance they are taking the planned day and you can schedule around it. Everyone wins.