Citigroup has typically allowed its U.S. employees to carry vacation days into the first quarter of the next year, but in July it added an inducement: Employees receive an extra vacation day next year if they use all of their 2020 vacation time this year. Latshaw Drilling, an oil service company based in Tulsa, Okla., typically allows office workers to roll over up to three weeks of vacation time. In December, Latshaw told its office employees that it would buy up to one week of unused time beyond that amount, which they would have otherwise lost. Several experts said a philosophical question loomed over vacation benefits: Is the point to ensure that workers take time off? By contrast, rollover and cash-out options imply that vacation is an asset they are entitled to control.

Source: New York Times December 28, 2020 19:52 UTC