Several systems are used. In some, an employee earns a number of vacation days based on years of service usually on the first day of the calendar year, which the employee may take off work with the approval of his supervisor. Other systems pay the employees for vacation days and then allow him to take time off unpaid during the year.
Some employers allow employees to accumulate unused vacation days and carrry them over to the next year. Some will allow employees to sell back unused vacation time. Sometimes you can use the cash from unused vacation to pay for additional benefits such as health insurance premiums.
Related Fool Articles
Related Fool Discussion Boards
Post your questions on Motley Fool's "Ask the Headhunter" board. []
Recent Mentions on Fool.com
- Haven?t Booked Your Labor Day Trip Yet? 4 Things You Need to Know
- Long-Term Job Trends Are Better -- and Worse -- Than They Appear
- Landed Your First Job? Make These Money Moves Now
- Why Applebee's Tablets May Need a Reboot
- Celebrating 10 Years of "Motley Fool Inside Value"
- Will the ClubCorp-Sequoia Deal Change Golf?