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Opportunities and Challenges of the Unlimited Vacation Policy

Find out if an unlimited vacation policy is a good fit for your company.

For HR, vacation balances can be incredibly time-consuming. You have to worry about different accrual rates for different employees and set up tracking systems to account for those different rates. You have to make sure time off is being properly requested, approved and accounted for. Another headache can occur every time a company has to pay out unused vacation days if an employee quits or is terminated from employment. These difficulties have lead many companies to implement the 'unlimited' vacation policy. 'Unlimited' vacation can be a real game changer. No more big vacation payouts at termination. No more financial liability on the company's books. Plus, it can be a valuable benefit used to attract and retain the best talent for your organization. This topic will inform you on the ins and outs of an unlimited vacation policy and help you figure out whether one will work for your organization.

Runtime: 54 minutes
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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Liabilities With Traditional Vacation Policies

  • Various State Wage Payment Laws
  • Implications of Improper Deductions

Benefits of Doing Away With Traditional Policies

  • Eliminates Accounting for Liability of Accrued Time
  • Recruiting/Retention Tool

Designing an Unlimited Vacation Policy

  • What Type of Employee Does the Policy Work for?
  • How Will You Deal With Abuse?
  • How Will You Factor in FMLA and Other Unpaid Leaves?
  • When You Might Want to Avoid It All Together

Negatives of an Unlimited Vacation Policy

  • The Downside of Employees Not Taking Vacation
  • Inadvertently Punishing the Overachiever
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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Course

This course was last revised on June 27, 2018.

Call 1-866-352-9540 for further credit information.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Rebecca Dobbs Bush, Esq.

Rebecca Dobbs Bush, Esq.

SmithAmundsen LLC

  • Partner with SmithAmundsen LLC
  • Selected to the Illinois Super Lawyers list of Rising Stars for 2013 - 2017
  • Practice emphasizes all aspects of employee benefits and compensation, employment law, government regulation, audit and compliance, staffing agency, independent contractor and contingent workforce, unfair competition counseling and litigation, and wage and hour
  • Conducts regular seminars and webinars on numerous employment and labor law topics, including employment contracts, health care reform, employee medical issues, Affordable Care Act, Department of Labor benefits, audit and compliance, and more
  • Author of several publications related to the areas of employment law, including SmithAmundsen's Labor & Employment Law Update, a labor and employment advisory blog; Illinois Chamber of Commerce's Chamber Dispatch, an HR advisory blog; and contributing author of the Illinois Employment Law Handbook, Illinois Chamber's most comprehensive publication and reference guide for employers in complying with Illinois and federal labor and employment law
  • Member of Illinois State Bar Association, Illinois Association of Defense Trial Counsel, Wisconsin State Bar Association, National Society of Human Resource Management, and American Benefits Council
  • J.D. degree, magna cum laude, Northern Illinois University College of Law; B.S. degree, Northern Illinois University
  • Can be contacted at 414-847-6176, [email protected] or Twitter® @Dobbslawyer
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Product ID: 401545
Published 2018
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