I'm eligible for sabbatical next year. If I get laid off and my severance takes me through next year, do I receive any compensation for sabbatical?
10 replies (most recent on top)
It says in the Sabbatical guidelines that there is "no compensation for shortened or un-used Sabbatical".
No cash for un-used.
It is considered "earned" Jan 1 of your anniversary year, so if you can stick it out thru 12/31, take it, then leave or get your layoff.
If you are up for Sabbatical, though, means you've been here many years. I'd be surprised it they'll lay you off. It's cheaper for them to make you miserable and have you leave "for free" than pay you out.
Very unlikely to get a sabbatical if your layoff carries over to next year when you would have been eligible for a sabbatical had you not been laid off.
They are just trying to scam the bank out of more money. Probably one of the people coffee badging.
I’m confused that you are confused. Seriously, no.
Home of the fee, Land of the naive
D-mbest post of the week alert! RTO is the goal long anticipated. Only in the EU can you pull a sabbatical and take it. Most work 30 hours a week and holidays are almost weekly over there. Sûcka!
No, my colleague B4 planned for his sabbatical this year 2025, but was caught on the recent nov 2024 layoffs cycle. Bank just nickel and dime’ing everywhere they can. No sabbatical & no bonus, not that there were Feb bonus was anything as mine we cut by at least 90%. My mgr said Bank expenses to high and bonus pool was slashed. This is what they say in some form or another to reduce our compensation every year, despite large profit numbers. I call BS and quiet firing by the bank.
I'm eligible for sabbatical next year as well. I'm wondering if I should put in for the beginning of the year. Ideal scenario is them laying me off the day I return from sabbatical.
Nice try! It's the ones on the cut list always trying to swindle...
no