2007-04-09 08:11:10 · 4 answers · asked by Dark & Lovely 1 in Business & Finance ➔ Careers & Employment
You earn vacation time based on how long you've been at a company. You earn comp time when you work overtime.
2007-04-09 08:15:32 · answer #1 · answered by mykidsrsaints 3 · 0⤊ 0⤋
Here's how it works if you're employed with the Federal Government: You earn a certain amount of vacation time for every two week pay period that you work (4, 6, or 8 hours depending on how long you've been working for Club Fed). You can earn comp time, also known as "credit hours," if you work longer than your scheduled time. For example, let's say you're supposed to work from 8:00 to 4:30. You can come in at 7:00 and earn one credit hour, which you can use later for a day off or a few hours off to go to the dentist or whatever. In the Federal system, however, you can only accrue a bank of 24 credit hours, so if you ever accrue any more than that you'll have to take some of those credit hours before the end of the pay period or you'll lose them.
2007-04-09 08:21:34 · answer #2 · answered by sarge927 7 · 1⤊ 0⤋
Well...from what I gather where I work...they are pretty much the same. The thing is, I have only been at my current job for just over 4 months, so really don't get a full week of vacay until after a year (the one thing I hate about new jobs). However, it would seem that my boss doesn't care much for paying OT, so we get it in the form of comp time instead. Some people may ***** about that, but hell...I've got nearly 60 hours of comp time at this point so I'm not complaining...sometimes time off is more important than extra cash.
2007-04-09 08:16:11 · answer #3 · answered by Sunidaze 7 · 0⤊ 0⤋
Vacation times are granted based on the company regulations. Usually, you earn certain hours for a pay period. It happens even if you work your regular hours.
If you work OUTSIDE of your regular hours or days you are typically off due to holidays and other regulations, then they can give you a COMPensation in terms of allowing you to take additional days off. This ONLY happens IF you work outside of your regular hours or days/hours normally considered non-work days.
Typical use of this is to compensate for people who work on national holidays or weekends.
2007-04-09 08:20:51 · answer #4 · answered by tkquestion 7 · 0⤊ 1⤋