Thoughts/prayers?
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I didn’t think the liability of accrued vacation is calculated in EBTIDA. Maybe someone should ask the CFO. Wait…..
So this means there is no difference in vacation amount between new hires and those of us who have been here 10+ years?
I have been rolling over 20+ days for over a decade. Looks like I will be taking a LOT of vacation next year! You best believe I will be taking every last hour.
Wonder if at some point they will try to get rid of winter break again.
More alignment with industry standard practices when the industry standard is ANSI/ISO 541T.
At my previous job before SAS, the vacation policy was almost identical to this new one, except for one pretty big difference. At that company, your annual allotment was fully available to you on January 1 of each year. With this SAS plan, you still accrue monthly but then have to use it by the end of the year (with some carry over allowed). I guess they don’t want someone using 4 weeks of vacation in January and then getting laid off or leaving in February.
For >= Director, unlimited vacation.
For < Director, 20 days a year, can only roll over 5.
Starting in 2028.
To me, it's less about what the new policy is and more about what this signals for getting debt off the books for potential buyers.
For those of us on the outside, what is the new policy?
As an employee with less 10 years of service, this will benefit me!
Guess they want everyone but directors to quit.