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Employment Resources

Understand Your Paid Vacation Benefit

By July 1, 2016No Comments

er-july16-4Over 90 percent of full-time employees receive paid vacation, according to the Bureau of Labor Statistics. If you’re one of them, you get paid to take time off work. Before you schedule a getaway, though, understand the details about this benefit.

When Can you Take a Paid Vacation Day?

Even though your paid vacation days are part of your benefits package, your employer can dictate when you take your time off. If you’re a new employee, you may have to wait a few months before you are eligible for your vacation days. You also may be unable to take vacation during busy seasons, when someone else in your department is away or on the spur of the moment.

Your employer can also restrict the number of vacation days you take at one time. You’ll also want to check your state’s laws regarding “use it or lose it” vacation policies. Because vacation is considered a form of compensation, you may be able to cash out your vacation time if you quit or are fired.

What Can You do on Your Paid Vacation?

You can use your paid vacation days for almost anything. Go to the beach, visit the doctor or watch TV. Be sure, though, that you request the time off in advance and fill out any required paperwork. Many employers require advance notice, and department heads often have to approve vacation time. If you don’t follow the guidelines and take the day off, you may not get paid.

How Many Vacation Days do you Get?

Typically, the number of vacation days you receive depend on how long you’ve been with the company. The average vacation time for new employees ranges from a few days to one week. Your vacation time may accrue based on your years or even days or hours you work.

Keep in mind that part-time employees usually do not receive paid vacation days. Also, you company can cap the number of paid vacation days you receive. For instance, you may receive one paid vacation day a year until you hit four weeks of vacation.

Can You Negotiate Paid Vacation Days?

If you wish you received more paid vacation time, consider negotiating for more. You can do in several circumstances:

    • If you’re an executive level employee or a senior manager, ask for extra days as a compensation for your additional responsibilities.
    • On a job interview, ask a potential employer for extra paid vacation based on your experience and skills.
    • As a union member, your paid vacation days are part of standard contract negotiations.

Paid vacation is a benefit most employers offer. Discuss the details of your company’s vacation benefits with your Human Resources manager and then enjoy a day off with pay.