Captain Crunch
Veteran
Ghana; Nigeria, Kenya
Your 'Top Five' African Countries You'd Like To Visit?
- Thread starter SirReginald
- Start date
Creflo ½ Dollar
Superstar
Because it’s a Reggie thread that’s why...
What's the catch?
The typical vacation policy is based on accrued time. You earn PTO and vacation time based on how many hours you've worked. Or an estimation of hours you'll be working for the year.
Any accrued time you earn has to have the equivalent pay put in a escrow account because if you already learned that accrued time that money is no longer longer the company's but yours they just can't pay it to you yet. So by law it has to go in an escrow account just in case the company goes bankrupt your money that you earned is still there to be paid out.
When they take away the accrued time which means you did not earn those hours but were given, which means when they let you go or fire you or you quit they don't owe you to pay you whatever vacation time you would have accrued over time.
I once worked for a company to where we used to have the typical of crude time vacation policy. In that's company we used to travel a lot for work and when we would travel a lot we would get comp days which means a lot of times we could take a bunch of time off without using our vacation time. Because of that a lot of employees had hundreds if not over a thousand hours of vacation that they hadn't used.
The company got to a point where they were struggling for cash. So what they did was in November or late October they announced that starting in January they would switch to an unlimited vacation time policy like the one I explained earlier. Remember there were many employees who had hundreds of hours of vacation so all that money for employees some of them making over a 100K was stored in an escrow account and could not be touched by the company. The company was struggling for cash so they use that so that to basically take all that money of vacation time that was earned but never paid out would go back into their pocket. And after January 1st a few weeks went by and they laid off a bunch of people. Which they wouldhave had to pay a lot of earned vacation money to if they still had the old policy.
Corporate America awesome dirty motherfukers.
I'm using speech to text to respond to you so I hope I corrected all the mistakes the speech-to-text thing usually makes because of my Caribbean accent it tends to get some things wrong but I think I corrected all of them. If not I'll come back and correct
Last edited:
MischievousMonkey
Gor bu dëgër
Thanks a lot, it makes perfect sense now.The typical vacation policy is based on accrued time. You earn PTO and vacation time based on how many hours you've worked. Or an estimation of hours you'll be working for the year.
Any accrued time you earn has to have the equivalent pay put in a escrow account because if you already learned that accrued time that money is no longer longer the company's but yours they just can't pay it to you yet. So by law it has to go in an escrow account just in case the company goes bankrupt your money that you earned is still there to be paid out.
When they take away the accrued time which means you did not earn those hours but were given, which means when they let you go or fire you or you quit they don't owe you to pay you whatever vacation time you would have accrued over time.
I once worked for a company to where we used to have the typical of crude time vacation policy. and that's company we used to travel a lot for work and when we would travel a lot we would get comp days which means a lot of times we could take a bunch of time off without using our vacation time. Because of that a lot of employees had hundreds he's not over a thousand hours of vacation that they hadn't used.
The company got to a point where they were struggling for cash. So what they did was in November or late October they announced that starting in January they would switch to an unlimited vacation time policy like the one I explained earlier. Remember there were many employees who had hundreds of hours of vacation so all that money for employees some of them making over a 100K was stored in an escrow account and could not be touched by the company. The company was struggling for cash so they use that so that to basically take all that money of vacation time that was earned but never paid out would go back into their pocket. And after January 1st a few weeks went by and they laid off a bunch of people. Which they wouldhave had to pay a lot of earned vacation money to if they still had the old policy.
Corporate America awesome dirty motherfukers.
I'm using speech to text to respond to you so I hope I corrected all the mistakes the speech-to-text thing usually makes because of my Caribbean accent it tends to get some things wrong but I think I corrected all of them. If not I'll come back and correct
And yes, it goes to show the strategies they're willing to put in place to do what they want. Even if they end up screwing up employees in the process. The corporate world is a cold one. Motivates me to start my own businesses.
?
richaveli83
Veteran
Nigeria(already went as a child but don't remember much and want to go as an adult)
Ghana
Egypt
South Africa
Ethiopia
Ghana
Egypt
South Africa
Ethiopia
Kenya
Ghana
Ethiopia
Angola
Egypt
Ghana
Ethiopia
Angola
Egypt