I had 6 weeks of annual leave saved up. Im changing to a job that pays significantly more than my current salary. When my boss asked me what it would take to stay, I asked for a salary increase of 35% which he begrudingly gave me. Then I quit. This equated to an entitlement payout of about $10,700 instead of $8000 on my previous rate, an extra $2700. And the new job still pays more than the increased rate I asked for.
My next paycheck will be - worked 2 weeks (not full), PTO 2 weeks, 1 week of substituted pay (same as if I worked), 4 weeks of unpaid PTO.
I am quiting and I worked about week but my paycheck will be best in whole year I work here.
What is “unpaid PTO”?
My bad, unused, in my country employer have to make sure you use your PTO or he has to pay you.
And if you have PTO from last year you can inform employer that you take it 14 days before and he has to approve it.
Non Union people are so abused you think this is unethical.
One of our leave types pays out in March any hours over 96 if we don’t ask to carry it over to the next year. We can take our overtime pay as leave (at 1.5 hours leave to 1 hour worked), and bonus holiday pay as leave.
This year the local negotiated a cost of living increase and eliminating the bottom two step increases, resulting in an approximate 14 percent pay bump for most employees. I also received a promotion this year.
I banked hundreds of hours of leave earlier this year from overtime and holidays that will payout in March next year 26 percent higher than when I worked it. I’ve done this every year I have promoted, and we are expected to do this since it is one of the ways we can burn our leave totals without taking off. If I had been really smart I would have carried over my leave from 2022 so it pays out next year, and I would have seen a single paycheck next year that was equal to half my years base pay last year.
When that pays out I will still have nearly 6 months of leave banked.
Your employer can afford to pay you. Make them pay you.
This is pretty much what I did, although it was coincidental. Felt bad for my boss because he fought pretty hard to get a meaty pay rise for me, and then a month later I quit.
Dont feel bad for them. The company is doing more money, and if they ultimately give you a rise, that means you were working while you could have made more money.
This isn’t unethical. Your boss willingly agrees to a changed contract with you, including all it entails. On the other hand, your boss also extracts the maximum labor value they can get out of you and pays you the minimum amount you’ll agree to.
Only thing to note is that the company will be unlikely to ever hire you again. If that’s not an issue, go for it.
Agree, this is not a ULPT.
This is just a LPT.
Not a smart boss or HR department. A proper way to do this would be to give you a small raise plus a generous lump sum up front, but require you to work for 1 year or pay back that lump sum if you leave before a year is up.
An actually smart boss would pay employees you want to keep a generous salary instead of waiting to freak out when they try to leave for a better job
The only makes sense if they actually wanted to keep him that long after he tried to quit. We don’t know for sure but potentially they just wanted to keep him around long enough to find a replacement (since he just told them he’s quitting).
If you agree to “pay your employer”, then you’re a fool.
Alternative take. Fight hard for a promotion, of course if you can get a raise and promotion that is ideal. But usually companies get hung up on money.
If you can’t get both don’t hesitate to say, "I just want the title I don’t need extra salary or anything. We can even take some of the extra work I’ve been doing and make them a normal part of my key responsibilities. "
Then as soon as you get it start applying to new jobs with that as your title. New jobs will always pay you significantly more for your new better title than the 2k or so you would get from a raise. I used this trick to triple my salary over 6 years, moving through a few jobs and from a receptionist to a Sr manager.
Why not just lie and say you have the title anyway to prospective employers? It’s not like they have any way to check.
In the UK we have a thing called references where they call your former employers and confirm your role and dates of work…
It’s hit or miss. Some employers check your references diligently and others don’t.
When I hired someone (creative field) we definitely checked their job title in conjunction with what their portfolio looked like, whether they passed a test and how well they interviewed.
Some had great references, but not those other things.
If you can’t do your job and don’t know basic things, I don’t care who you know. They would get further screened for educational and criminal background anyways.
