Do you know how many time in the last three years I've heard the phrase "Unfortunately, under Florida law......". That's because there are no laws in Florida. My wife is currently going through this same problem after leaving her job. By the way, we no longer live in Florida. Three years is long enough.
This may vary depending on the state you are in -BUT- unless you were terminated while still in a probationary status, you should be able to recover any un-used vacation time - sick time or "personal time, that was accrued but un-used up to the time you were terminated.
You are not entitled under law to receive any accrued paid time off. The only way you would have a claim would be if your company's policies stated you would receive your accrued time off (usually this is only if you voluntarily resign with proper notice) and/or if the company has paid accrued paid time off to other employees who have been terminated.
I was terminated from my position and my employer has withheld my vacation, holiday and sick time accrued and did not pay me severance pay. I was a top manager who fired people in my organization and I made sure they received these benefita upon termination. Should my employer provide me with the same?
No, an employer in Florida does not have to pay accrued vacation time when you quit. That is if it in the company policy, it is not mandatory.
It is legal to withhold paying for accrued personal time off called PTO if an employee has been terminated. Termination of employment will cause an employee to lose vacation time and PTO time.
Though I have never heard the term "accrued vacation expense" nor have I ever heard of a "vacation" being a business expense, however, the journal entry would be handled like most "payables". So if your company uses the account of Accrued Vacation Expense, the journal entry should be something like....Vacation Expense (debit) $XXXAccrued Vacation Expense (credit) $XXXOnce the amount is paid, a debit would be recorded in the Accrued Vacation Expense account and a credit to Cash, to remove it from the books and note that the debt (or expense) has been met.
Yes
No, it belongs to non-current liability
During a legislated or approved leave of absence from work, employment is considered continuous. Therefore, an employee is still considered employed, though not earning wages. The leave does not affect employees' right to take vacation time; it only affects the amount of vacation wages earned. See the Vacations and Vacation Pay page for details on earning and paying vacation. Maternity leave is an unpaid leave so you would be entitled to vacation pay service Canada for more details.
http://www.workplacefairness.org/vacationpay#55. I have accrued vacation time/sick time/personal leave days that I will not use before leaving my company. Is the company required to pay me for that time?It depends on where you live. 24 states-Alaska, Arizona, California, Colorado, Illinois, Indiana, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Minnesota, Nebraska, New Hampshire, New York, North Carolina, North Dakota, Ohio, Oklahoma, Pennsylvania, Rhode Island (after one year of employment), Tennessee, West Virginia, and Wyoming-and the District of Columbia require that your employer include any unused vacation pay that has accrued (that you would have been entitled to use) in your final paycheck. In the rest of the states, there is no state law that requires your employer to pay you for accrued vacation leave, although your employer may do so voluntarily, or may have to do so if required by a policy or contract.
260 if you don't have vacation accrued. You also have to take holidays into account.
The opportunity cost of taking a vacation from work, in all likelihood, is the wage and/or benefits accrued from having worked. This represents the highest alternative benefit forgone to take the vacation.