Need some extra vacation time?
September 25, 2007
Buying extra vacation time
Some companies are allowing their people to buy extra days off during the coming year.
According to benefits consultant Hewitt Associates, workers usually sign up for the days during the benefits-enrollment period near the end of the current year. Typically, the cost of the extra time is deducted from paychecks over the coming year, often in money-saving pretax dollars.
Hewitt reports that Xerox started the program for 2007 and 10 percent of its employees bought additional time off. For some people, time is more important than money.
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