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Vacation Policy
Benefits & Compensation
Vacation Policy
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We are a 90 employee software (IT/IS) company (pre-IPO) looking to enhance our vacation policy. We currently offer 10 days vacation, 3 floating holidays and 7 designated holidays. Sick days are take
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Vacation Policy

posted at 4/5/2000 3:17 AM EDT
Posts: 2
First: 4/5/2000
Last: 4/5/2000
We are a 90 employee software (IT/IS) company (pre-IPO) looking to enhance our vacation policy.
We currently offer 10 days vacation, 3 floating holidays and 7 designated holidays.
Sick days are taken on an as needed bases.
I am interested to know what as an overall vacation policy would be competitive especially in our industry.
If anyone could please share details of their vacation policy I would be very grateful. Thanks
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Vacation Policy

posted at 4/6/2000 1:19 AM EDT
Posts: 399
First: 6/21/1999
Last: 9/14/2005
We are a 40 employee IT company pre-ipo. We offer a PTO plan that covers vacation, sick and personal time. Employees get 17 days to start; in their fifth year of employment it is upped to 22. We also offer 9 paid holidays.
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Vacation Policy

posted at 4/13/2000 9:41 AM EDT
Posts: 36
First: 8/4/1999
Last: 10/26/2002
Hi,
how do your people accrue their vacation, sick, etc. Is it 10 days vac after 1 year, or do they earn on a monthly, or on a per pay period basis?
We have offered .66 days per month for the first year; plus 12 paid holidays. However, I think we need to change it to .7 or .75 days per month. Please let me know. We are also pre ipo, 40 employees.
Joanne
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Vacation Policy

posted at 4/19/2000 7:01 AM EDT
Posts: 399
First: 6/21/1999
Last: 9/14/2005
They accrue it on a monthly basis. Employees in their first year start accruing on day one (pro-rated against their start date) but they cannot take any until they've been with us 90 days.
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Vacation Policy

posted at 5/1/2000 10:25 AM EDT
Posts: 36
First: 8/4/1999
Last: 10/26/2002
Thanks, I appreciate your help
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