What is a vacation bank?

A vacation bank or leave bank is what an employer allots to a staffer every year. A Vacation Deprivation study found that many employees failed to use their leave completely, adding many man-days to production. An employee dips into the bank to lengthen weekends, and sprinkles them over the year. ‘Vacation bank’ has gained a more current meaning – the creation of a bank of unused vacation hours by staffers. Instead of letting leave lapse, an employee can transfer the days to the company’s ‘vacation time bank’ – these can be used by any employee in a crisis.