this post was submitted on 06 Aug 2023
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I'm waiting to hear back from a job and chomping at the bit to leave because they offer a hybrid work schedule (3 home/2 office). It's a 6% pay bump (from $80k to $85k) but being able to work from home 3 days a week is such a big plus (and not having to manage anyone being the other) makes it worth it for me. Not to mention that I can cash out all the vacation time that I've accrued. I'm sitting on 287 hours of vacation time right now so that would be roughly $10.9k paid out when I leave. I asked them if I could cash some out earlier this year but was told "no but if you leave the company, you'll still get paid out so don't worry about losing it". Well guess I'll be leaving the company then. I rolled over 218 hours so it's not like it wasn't time I didn't have accrued. I also have 300 hours of sick time and 41 hours of weather time too. Those won't get paid out though.
I worked from home for over a year and we had our best year in commercial lending as a credit union while everyone was home. Now everyone needs to be in the office every day. Yeah, no thanks.
Yeah, just keep in mind that in some countries, paying out vacation hours results in a large portion of that sum being paid to the tax-man. In the Netherlands that's about 40% (from the top of my head).
Yeah, I'm in the US and I understand that a bunch of that might be paid to the tax man but at the very least, I'm getting that cash out. Currently, the only way for me to benefit from it is to get my same salary every week but just have times where I'm not at work which just means I have more work when I come back. Things have been tight since my wife lost her job (though she does have an interview next week so fingers crossed) so just getting even half of that $10.9k in cash back to replenish our rainy day fund would be a big relief.