The US is just nuts. Are you saying that your earned but unused PTO doesn't have to be paid out to you when you're laid off but is rather at the discretion of the employer? How is that justifiable in any way? Does the bank owe you accrued interest when you close your account or is it up to them to pay it? Why would it be different for PTO?
db48x|7 years ago
coderintherye|7 years ago
rwz|7 years ago
I obviously didn't get any of the PTO paid to me and in retrospect realize that I could have just taken my last two weeks off with the same outcome.
I was so sure that there must be some law that would force employer to pay out unused PTO, that I haven't even thought about researching it in advance. This was a rude "welcome to United States, bitch" awakening for me.
londons_explore|7 years ago
Don't most companies cap it at 5 days or something?
catacombs|7 years ago
Simply: Corporate greed.
Or, executives trying to save any penny they can, so if the company is ever gobbled up by a large conglomerate, such as NBC or Combast, or merged with another media company, people like Jonah Peretti, Lenke Taylor and Ben Smith can laugh their way to the bank.
golergka|7 years ago
My understanding is that it is stated in the contract.