Mike49387 – October 6, 2012
Corelab has gone from a traditional model with sick time and vacation as separate pools of time to draw from, to a paid time-off model. With paid time-off you actually get an increase in the amount of days allotted to you, and you don't have to feign illness to use them. Everyone across the board received a boast in their PTO and your exact PTO depends on your seniority or whether your salaried or not. In my case (2.5 yrs, salary) I actually received an additional 11 days of PTO! So my vacation in essence went from 10 days to 21 days! I don't know about you, but a month of vacation rocks! People who call in sick all the time are upset about these changes because these type of people typically use sick-time as paid time off. Now everyone must draw their first two days from the PTO bank before they can start drawing from their sick bank. If your not the type of person who calls in every Moday, a paid-time off model is awesome. You get to keep that bank of time and use it however you like. And yes, there is an extended illness bank for times when people are truly ill for long periods of time.