Donation of Vacation/PTO

LisaMN

We have not previously had a policy governing this issue, and I have been designated to write one. I noticed that several of the examples I received had stipulations regarding the monetary value of each hour of donated time and at what hourly rate it would be computed. Are there legal ramifications to this issue that I am unaware of? FLSA, FMLA etc.....

NaeNae55

Don't know for sure about the legal ramifications, but probably the reason why all the policies you saw were tied to dollar amounts goes back to accounting standards. If you are carrying a liability on the books (someone's leave) for a certain amount, you can't suddenly change it and not expect some serious flak from your auditors. With Enron and Worldcom in our recent memory, no one wants to take any chances.

Tony Kessler

LisaMN,
Here is a link to a related stream of discussion from about a month ago:

[url]www.hrhero.com/employersforum/DCForumID17/538.html[/url]

Hope it helps.

Tony Kessler, editorial director, M. Lee Smith Publishers
(615) 661-0249 ext. 8068

LisaMN

Thanks for the tips! This one may be tougher than the Dress Code Policy....