Recently left Vanguard and they are billing me for PTO that took. Basically the way it works is that you get X amount of days for the whole year. However, at any given point of the year you have a prorated amount of X. For example half way into the year you have X/2 PTO that is “rightfully yours”. The catch with this is that it’s not obvious to you as an employee that the system works this way. On the platform on which you request PTO, it simply says you have X time off. Any time off you take gets subtracted from X. So I left during the year and I had taken more PTO than was “rightfully mine”. Now I have to pay that back. Anyone experience this before?
Lol. Tech companies would not bother with building this system out
Yeah I think it's a left over system from standard hourly associate's being limited but their salary manages being allowed to go into the negative as a "perk" since they have a set amount and that transfering over all all divisions of the company. Ugh non tech companies
Yes and Google does not let you take the pto you don’t have.
Unless you have unlimited PTO, accrual is pretty much universal. It sounds like your HR portal is sub-par, where most show your current hours accrued. It is also usually a line item on your paycheck.
Subpar for sure, like everything at Vanguard.
Yup, I have seen this happen. While people have pointed out the downside of unlimited vacation (no accrued PTO to get paid for when you leave), the converse is also true for traditional PTO policies, as you have discovered. Usually they enforce this by deducting from your final paycheck.
And send you a bill for any remainder that wasn't covered by your final paycheck.
If your final paycheck cannot cover the PTO overdraft, you've probably done something very, very stupid. Think about the sheer length of the pay period covered by your typical paycheck. I doubt that is a realistic scenario.
This is standard. You probably signed off at some point that you read the manual that said this. Our system is at least nicer and reminds you when you try to take it; however, it's 100% your responsibility to keep track of it so no point in crying about it.
Yeah, a system that reminds you would be nice. Yeah, it is what it is