vacation buyout in lieu of time off

**canoehead, BSN, RN** · Nov 25, 2009

You've GOT to be kidding me!! They get you to work more, without paying out any overtime, and they want you to take a 50% pay cut for the honor of helping them? NO WAY!!

Look, maybe there's someone out there with more information and experience, but I don't think they are doing you any favors.

caliotter3 · Nov 25, 2009

I agree. They figured out another way to make more money off you at your expense.

AnnieRN2B · Nov 25, 2009

If you take a buy out, especially THIS crummy excuse for a buy out, there are tax implications. You will be taxed on the money they pay you AND you will get burned out from working too hard. This isnt France or Germany who understand workers need time off (especially health care workers)

They are asking you to discount you per diem by 50%, tax you, AND deny you time off that you need to physically recover!!!

Check out this website. http://www.freemoneyfinance.com/2008/05/do-you-take-pay.html

MERRYWIDOW46 · Nov 25, 2009

We have a voluntary buy back, but it is 100% hourly rate. The other posters are correct, you don't get time off, work longer without a break, pay additional taxes. NOT SURE how that benefits you as the employee. I DO SEE the benefit for the employer, they do not have to find coverage for your shifts and get to only pay you 50% or what they'd pay you if you actually TOOK your hard earned vacation. WE are in an EXTREMELY stressful profession and all NEED out time off for rest and rejuvination. Don't let the employer fool you into thinking they are doing you any favors or looking out for your best interest. ALL they are doing is looking out for their OWN BOTTOM LINE.

elkpark · Nov 26, 2009

Every place I've worked that has offered this has paid 100% of the person's hourly rate (except no shift differential; just the base pay). I would never consider an offer of 50% -- what a ripoff! (Although I'm sure the employer would looooove for everyone to take them up on this! :))

dianastephens · Nov 26, 2009

I agree with everyone else. All the companies I've ever worked for do a 100% buyback.

ShiphrahPuah · Nov 27, 2009

The nurses in my facility are outraged that our hospital has changed the vacation buyout from 100% to 90%. It's a ripoff. 50% is absolutely ridiculous.

proudnurseRN · Nov 27, 2009

We also have 50% buyout. No way is that a good deal. I'll be using my time, thanks.

HM2VikingRN, RN · Nov 27, 2009

use your time..if you take the buyout its the equivalent of giving away a weeks pay....

Medic443 · Dec 11, 2009

50% holy cow u can call the robbery!

llg, PhD, RN · Dec 11, 2009

I also get a 100% buyout at my facility. I take about half my vacation time in cash and take about half in time off. I appreciate the extra income each year and because I have plenty of seniority at my current job, I earn plenty of vacation time (about 6 weeks per year).

The employer is ripping the OP off ... but I might consider taking some of the cash if I really ddin't need the time off and I really needed the money. Extra money is extra money. But I would try to save as much as I could in case the employer changes the policy and starts offering 100%.