Details coming today. Voluntary to start but likely to become mandatory when the number of volunteers is minimum.
23 replies (most recent on top)
I'm buying the full amount for sure. At my age, time is more valuable than green paper.
Hal has directed BH to make more cuts, sickness, holidays, unpaid leave .Live with it we have at hal. Not like it you will leave !!! Thats what they want......
Very fair offer in my opinion
Mr Craighead should step up and buy 80 hours.
There are some clueless dolts in BHI management if they think people will sign up to buy vacation days with their after tax pay. Asinine plan.
This is coming from Halliburton. Since Halliburton does not give you any sick days, they let you buy as many vacation days as you want. Deducted from your paycheck.
Email came out about an hour and a half ago. Seems to be clearly a prelude to non-voluntary furloughs. Can't imagine hardly anyone is gonna sign up for unpaid vacation.
So generous. How much do they expect to save with this attempt?
So generous. The savings must equate to pennies in the overall scheme of things. Is this what we've come to? Sad.....
Halliburton offers the same "benefit"
https://inside.bakerhughes.com/sites/hr/TotalRewards/VacationPurchase/Documents/US%20Voluntary%20Vacation%20Purchase%20Program%20FAQs.pdf
There is a whole 2 page write up on it. PDF file. Search "vacation purchase". It is for the US. If you are non US, I guess it doesn't apply to you.
I haven't received any email about this? Nor do I see anything on Inside.BH website?
I'm going to Hawaii !!!!!
The woodland can't even use vacation we have to make 40 week
It is on the intranet page now.
It is on the intranet page now.
Leave the guy/girl alone. Throwing the word purchase in there is deceiving. One could almost argue that the meaning would be selling off remaining vacation days in some kind of buyout. Just saying
But pay payroll taxes on it. Forced furloughs are not taxed. So I'll wait until the mandatory "vacation". You would be a fool to participate in this just for the taxing alone.
How much more basic. You get a day off without pay. They call it vacation purchase. You don't come to work and you don't get paid. It will start out as a volunteer plan, but when the management team fails to get enough participants, then it will become mandatory thing. So instead of volunteering to stay home without pay, they will decide for you. The official announcement is coming today.
Lay mens terms
You get to forgo a days pay for the joy of doing what you want instead.
What does this mean? Vacation purchase?