Friday, December 2, 2011

What's the difference a floating holiday,sick day,and paid/non paid vacation?

I don't know it in full detail,so anyone can help me out,then please do!|||It all depends on the company and their policies.





Some will give you all the perks up front - others will make you earn or 'accrue' them so you cannot use them until you earn them - and there are equations that will spell out how many hours you earn at each pay interval.





There is a standard vacation schedule - so one to two weeks vacation for the first ~5 years of employment and then you can gain a year, etc...the longer you stay with a company generally the more time you earn.





You can turn the tables on all of this though by negotiating for more vacation time when you get an offer - some will give it, others won't and it's all in how you ask.





Personal/floating holidays are generally handled the same way.





Some companies will allow X amount of hours/days for sick time w/o penalty - if you do not exceed the time allotted. Others will discipline you if you get to intervals in the allotted time - so if there are 8 days of sick time allowed, you might get a verbal warning at 3 days, a written one at 6 and terminated at 8 - it depends on their policies. Also, sick time is not a given - meaning that just bcz it is there you shouldn't use it bcz it's there - use it if you need to. Finally, not everyone pays for sick time - some make you cover sick time with vacation time.





Hope that helps.|||Floating Holiday: A day off w/pay that you can take anytime within the calendar year. If you do not take the floating holiday within the calendar year you will lose it (meaning you can not carry it over into the next year and accrue it).





Sick Day: A day you take off w/pay when you are sick. Some company's limit to a specific number of days some companies don't. Some companies will have policies on when you need a doctors note to verify you were really sick. Bottom line each company has their own rules about sick time, be sure you know them.





Paid vacation: Time off you take with pay. You may or may not be allowed to carry over unused days into the new year. Check your company policy.





Unpaid vacation: Time off without pay.

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