Companies Fret as Vacation Days Go Unused

  • 📰 WSJ
  • ⏱ Reading Time:
  • 63 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 29%
  • Publisher: 63%

United States News News

United States United States Latest News,United States United States Headlines

With travel plans ruined, many workers are reluctant to take time off. Employers are split on what to do about it.

Early in the pandemic Maestro Health noticed a troubling but common trend: Employees weren’t taking vacation.

The health-plan administrator acted quickly, introducing a companywide mental-health day in April, and another one leading into the Fourth of July weekend. Then, following internal discussions in the wake of social unrest and racial-justice protests this summer, the company added a floating holiday that employees could use for Juneteenth, Good Friday, Yom Kippur, or whichever day they choose.

Maestro, acquired by French insurer AXA SA in 2018, also increased the number of days employees can roll over into next year to 20 from 15. “It builds good will,” says Maestro Chief Executive Craig Maloney. It’s also practical. The company’s busiest time starts at the end of the year with benefits enrollment in November and December, and it can’t be missing swaths of its workforce.

With vacation balances building among employees who either feel they can’t take time off amid the uncertainty or won’t because travel plans were quashed due to the coronavirus, companies are split on what to do. While some are introducing more relaxed policies and allowing days to carry over into next year, others are requiring employees to take their vacation sooner rather than later to fend off burnout—and a potential liability on their books.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Why go anywhere, you spend most of your time in quarantine.

On 21st of August 2020 I bought minced pork/beef meat (LOT 37035439 1048; GTIN 04044933654844; L101/CH-06) best before end 23.08.20 at LIDL market in Germany. Absolutely recycelable. Color was authentic pale and taste very good - without any spices.

simple pay them and thank them for their service

everyone is taking time off, they're just being paid for it

pocket.

I do not have my allowance. I am like saving my Mom and Dad a lot and that’s me not using the hospital system for appointments and services but medicine because there is an emergency. I can make that call. So tell me why I need to insert myself in critical emergency service on my

Don’t they pay for unuse holidays. I am dictating the family terms. No travels one or twice in a given year for five years. No Hawaii for 70th birthday. I also do not get to hand my new IDs and idiot, all transactions are null like duh. But what I am saying, paranoid and all

Major corporations have had policies in place for this, for many years, since accrued vacation days impact the financial bottom line. Most have a “use it or lose it” policy.

This should be an easy decision. Let employees roll the time over until they can use it.

Get cash !!!

Isn't this an employer's dream?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 98. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

As Remote Work Continues, Companies Fret Over How to Monitor Employees’ Data HandlingCorporate cybersecurity leaders are concerned that it may be easier for employees to expose data or create openings for hackers while working remotely during the pandemic. But companies have limited capabilities to monitor certain violations of data policies. More fabricated nonsense. Hackers eye workers from home in absence of security networks.
Source: WSJ - 🏆 98. / 63 Read more »

As Remote Work Continues, Companies Fret Over How to Monitor Employees’ Data HandlingCorporate cybersecurity leaders are concerned that it may be easier for employees to expose data or create openings for hackers while working remotely during the pandemic. But companies have limited capabilities to monitor certain violations of data policies. More fabricated nonsense. Hackers eye workers from home in absence of security networks.
Source: WSJ - 🏆 98. / 63 Read more »

A record 46 billion-dollar companies have gone bankrupt this year: FT - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. thats the results trump was looking for...as he always has been.. bankruptcy Chapter 11 Woo Hoo! Wash away that debt. And that's BILLION dollar companies, imagine the disaster for much smaller companies
Source: BusinessInsider - 🏆 729. / 51 Read more »