HR is finalizing plans to replace vacation accrual. For KMG and above they can simply take as much time as they need want, subject to approval. They will not get a 'set' amount based on seniority. For all other TGT team members below KMG, including NE, you will get x number of weeks on day 1 each year, based on your seniority. There is some rumor that new TMs will now get 3 weeks and other tenured team members adjusted upward. In all cases, vacation will be a 'use it or lose it' rule, no payouts and no carryover. What is still unknown is how many months (or will it be a year) after the announcement TMs will have to use their 'bank'. Target wants this banking off the books in the next year after the huge payouts during layoff. This process will be better for using vacation, but how the bank issue is handled could get messy. Potential announcements have been delayed, but may occur during the 'team member days' of Fall National
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Other companies have a "no payout" rule as well. One company I worked for said PTO was an "employment benefit" and since you were not employed there when you left, you lost the PTO.
I would welcome 3 weeks vacation as I am still stuck with 2 after nearly 4 years with the company. It's kind of a joke...
I hope my manager gets that I'll be taking a month or so off, and I don't plan to take the time during crappy MN weather and I don't make enough money working at taget to take a vacation to a warmer clime in the winter. So how's that work for you if I'm off all nxt June plus the first week in July?
So I'm curious what will happen for people under kmg level? Will we still only get 2 weeks if new tms get 3? Or are we immediately bumped up to 3 weeks? I need all the vaca I can get since I'm from out of state and want to see family once in awhile.
You can't have an award or accrual system without a payout. Realize it's not a payout, but simply vacationing for the last n days of employment.
If you think you can nix that, you get into a rats nest of corner cases. Take 3 weeks off, then come back for 1 day just so it's not "paid out"? Yeah works if you lay someone off, but in reality that's not a common case (on average, per employee)
Another reason I´m glad I was laid off! Severance+vacation payout+free classes+better job+big salary bump. Leave while the getting´s good.
136506 - my sources tell me that the hue and cry from KMG and above about their banks --let alone rest of us--& how they will handle the big banks is why announcement not coming out sooner. How many weeks or months to use it up, and if they'd be payout for remaining if laid off is unknown. Plan on this though--you will have to use up your bank somehow, and once gone its done. No more safety nets of a couple weeks vacation + a severance from TGT. .
I like to save about 200 hours just in case I lose my job. Anything over that and PH I use for my vacations.
I think of my used vacation hours as a safety net if I lost my job.
136536 doesn't work in one of the area's of the company that has critical long term projects - not everyone gets to work where the pressures and rewards are intense. I love that about the job I have and would miss it terribly if I left Target.
Fight. Fight!
Thanks for taking the time to come on here and be an asshole.
That's your problem for not taking it. If you lose it you lose it. You just take it. Nobody is that important that they can't take vacation. If you were creamed by a bus tomorrow, target would keep plodding along without you, and we'd sell just as many socks. Sorry to burst your bubble, but you just aren't that important.
Fill me in on how to work this system, then. I carried over a whole year's worth of vacation hours at the end of 2014 and have only been able to take a day here and there all year. I have taken my personal hours as they built up. So at the end of this year I will have nearly two years worth of hours banked..... And you're saying that I will need to take all of this within 2016? And you're saying that if I quit in January I won't get the hours paid out? Hmmm.... Maybe I'll take half of November and all of December off.
Funny how the vacation accrual process devised by evil HR and Finance types is coming back to bite them. Devising a program that kept people from using annual vacation allotments and then quitting mid-year. When will these people figure out we ain't dumb, we know how to work any system they devise.