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All 'PTO/vacation/sick pay' are more like benefits paid out of general assets rather than covered by insurance policy. So you have to think and make a real good decision because these are ALWAYS a very big deal for the employees. The options you have are cancelling their existing balance and having them start over, rolling over existing balance, cashing them out or you can try some combination of these options. In these cases, you have to take in mind the costs, their morale, and fairness among co-workers. Hope this answer your question. My reply is solely based on my college knowledge relating it with the observations I made when I worked.
Agree with Mr. Faris
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I am with Mr.Faris answer
Thanks
I would say that depends on the negotiations prior to the acquisition ... some keep it in place where others do away ... with these benefits when an employee leaves or opts to receive a payment or even have employees sign new contracts with lesser benefits ...
A good company will keep the benefits in place ... even if they have changed the policy for new employees... example: I had been working5 years for a company and received3 weeks paid vacation... at one point the company changed the5 years to10 years ...... the employees already receiving3 weeks where grandfathered and were able to keep there3 weeks vacations.
PTO is good news for workers who need the flexibility they need to manage chaotic home lives without risking their career status
هل تحتاج لمساعدة في كتابة سيرة ذاتية تحتوي على الكلمات الدلالية التي يبحث عنها أصحاب العمل؟