Need Vacation Time? Sell it to Your Boss
Black Enterprise Magazine September/October 2018 Issue

Here’s something for your to ask your HR department about:

The Associated Press reports that some companies are beginning to allow their employees to buy and sell vacation time, for those times they need an extra day to “unwind” from travel, to spend more time with a newborn, or just get some extra cash in their pockets.

In the Society for Human Resource Management’s soon-to-release survey of employers, 9 percent of employers allowed workers to cash out unused paid time off. Five percent let employees purchase additional days through a payroll deduction. And 7 percent allowed employees to donate time to their coworkers.

“When times are a little tight, this benefit really doesn’t cost a lot of extra money to employers to provide,” Julie Stich, research director for the International Foundation of Employee Benefit Plans, told the AP. “It’s offered by more forward-thinking or flexible-type employers.”

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Aaron Morrison

Aaron Morrison is an award-winning New York area-based multimedia journalist with a B.A. in Journalism from San Francisco State University. Aaron uses video, audio, photography, the web and social networks to tell captivating stories across all media platforms. Over the last year, Aaron has worked as a general assignment reporter for the Daily Record (Gannett) in northern New Jersey. Before that, he spent the spring of 2010 as the temporary legislative relief reporter for The Associated Press' statehouse bureau in Trenton, N.J. In his down time, Aaron enjoys the company of his friends and extended family. He is a fan of culinary arts and dreams of having a home kitchen so tricked out that Julia Child turns over in her grave.