I had 6 weeks of annual leave saved up. Im changing to a job that pays significantly more than my current salary. When my boss asked me what it would take to stay, I asked for a salary increase of 35% which he begrudingly gave me. Then I quit. This equated to an entitlement payout of about $10,700 instead of $8000 on my previous rate, an extra $2700. And the new job still pays more than the increased rate I asked for.
Non Union people are so abused you think this is unethical.
One of our leave types pays out in March any hours over 96 if we don’t ask to carry it over to the next year. We can take our overtime pay as leave (at 1.5 hours leave to 1 hour worked), and bonus holiday pay as leave.
This year the local negotiated a cost of living increase and eliminating the bottom two step increases, resulting in an approximate 14 percent pay bump for most employees. I also received a promotion this year.
I banked hundreds of hours of leave earlier this year from overtime and holidays that will payout in March next year 26 percent higher than when I worked it. I’ve done this every year I have promoted, and we are expected to do this since it is one of the ways we can burn our leave totals without taking off. If I had been really smart I would have carried over my leave from 2022 so it pays out next year, and I would have seen a single paycheck next year that was equal to half my years base pay last year.
When that pays out I will still have nearly 6 months of leave banked.
Your employer can afford to pay you. Make them pay you.
Don’t forget to also use that leave to take care of yourself mentally and physically. It’s not worth it to skip on enjoying your life now in favor of more money when you retire.
Of course. I also take almost a month’s worth of vacation every year. The way my shift schedule rotates I can often take a single day off and go away for more than a week, making it easy to accrue leave if I’m only slightly picky with my schedule. The last few years I’ve started to pick up skiing.
I was sick for several weeks last year, which sucked but my sick leave covered it easily. That will get me 5% on my pension per year accrued at retirement and I’m still on pace to get a year. Partial years are counted but that’s the easy number to remember
During the entirety of the pandemic we obtained free leave for a positive COVID test for the duration of the illness.