{"id":1791,"date":"2013-05-27T10:30:11","date_gmt":"2013-05-27T14:30:11","guid":{"rendered":"http:\/\/www.changinglanes.biz\/?p=1791"},"modified":"2013-05-27T10:46:36","modified_gmt":"2013-05-27T14:46:36","slug":"what-does-an-employees-vacation-cost","status":"publish","type":"post","link":"https:\/\/www.changinglanes.biz\/index.php\/2013\/05\/27\/what-does-an-employees-vacation-cost\/","title":{"rendered":"What Does An Employee’s Vacation Cost?"},"content":{"rendered":"
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Wanting to be a good employer, we often make decisions without thinking of all the costs and benefits to our organization.\u00a0 The two main reasons to give vacations are:<\/p>\n

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  1. \u00a0\u00a0 To reward longevity!<\/li>\n
  2. \u00a0\u00a0 To allow employees time to refresh and get recharged!<\/li>\n<\/ol>\n

    I am reminded of the time I was working at a Consulting firm that would give either overtime or compensatory time, “comp time”, for extra hours worked during the busy season.\u00a0 Being a young mother, I opted for “comp time”.\u00a0 This was fine with the managing partners until I started using the earned time – in the summer – during their slow cash flow time.\u00a0 Although they grudgingly gave me my earned time off with pay, they did not understand the cost and benefit of this arrangement.\u00a0 They also did not acknowledge that it is generally illegal under federal law<\/a> (state and local governments are allowed to do this is certain instances).<\/p>\n

    So, before you either say NO or YES, work through a Benefit Analysis to better understand what a day of vacation will cost.\u00a0<\/p>\n

    Check with your CPA about any plan you want to start – there are laws and rules that must be followed AND usually a way can be found to make things work well for your company and your employees.\u00a0\u00a0\u00a0 Tips below for Happy Vacationing – Linda\u00a0\u00a0<\/p>\n

    Vacation Cost
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