Are you considering working at Fidelity but wondering how many vacation days you will get? It’s a common question that comes up when considering a new job or company. Fortunately, Fidelity offers a generous vacation policy that makes it an attractive option for job seekers.
The Basics
At Fidelity, full-time employees receive 22 days of paid time off (PTO) each year. This is in addition to the 10 paid holidays that the company observes each year. For those who have been with the company for more than five years, there is an additional five days of PTO granted, bringing the total to 27 days per year.
PTO Accrual
Fidelity’s PTO policy is structured in such a way that employees accrue vacation time gradually throughout the year. For example, an employee who has worked at Fidelity for less than three years will accrue 1.83 days of PTO each month, adding up to a total of 22 days per year. An employee who has been with the company for more than five years will accrue 2.25 days each month, adding up to a total of 27 days per year.
Flexible Time Off
In addition to regular PTO, Fidelity also offers flexible time off (FTO) for eligible employees. This program allows employees to take time off as needed without dipping into their regular PTO balance. The amount of FTO available varies depending on job level and tenure with the company.
Eligibility
To be eligible for FTO, employees must have been with the company for at least six months and must be in good standing. Additionally, they must have completed all required training and certifications.
Amount Available
The amount of FTO available varies by job level and tenure. For example, an employee at the associate level who has been with the company for less than three years would be eligible for five days of FTO each year. An employee at the director level who has been with the company for more than five years would be eligible for 20 days of FTO each year.
Use It or Lose It
It’s important to note that Fidelity’s vacation policy is a “use it or lose it” policy. This means that any unused PTO or FTO will not carry over to the next year. However, employees may be able to cash out unused PTO during certain times of the year.
Conclusion
In conclusion, Fidelity offers a generous vacation policy that includes both regular PTO and flexible time off (FTO). While the amount of vacation time available varies depending on job level and tenure with the company, full-time employees can expect to receive 22-27 days of paid time off each year. With careful planning, employees can make the most of their vacation time and enjoy a healthy work-life balance.
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