Page 80 - Appreciating Organization's Biggest Assets

the equipment and materials one Employees who need to be absent
needs to lead a wholesome, well- from work for a lengthy period—
balanced life. They’ve also created typically more than seven calendar
a unique group of workers to days—can choose from a variety
support those who are all striving of leaves of absence offered by eBay
for improved health. Inc. These leave categories include
Time off: maternity leave, short- and long-
term disability, family medical leave,
Paid Time Off (PTO) may be and personal leave.
used by employees for vacation,
personal time, or illness. A day is Financial Benefits:
added for every year of service up The 401 (k) Plan is a handy, tax-
to a maximum of 20 days per year advantaged option to save for
for workers with less than a year of retirement through eBay’s 401(k)
service, who are paid for 16 days or offered in the United States. One is
4.92 hours per pay period. immediately eligible after hiring and

10 days off each year (and one has the possibility of contributing
floating holiday). Floating holidays up to 25% of income, subject to IRS
are paid vacation days that staff limits. It contributes pre-tax funds
members can plan on their own. to reduce one’s taxable income. It
They are mostly used by workers helps to set up a Roth 401(k) with
who observe cultural or religious some or all of the contributions (k)
holidays that are not among the ten and 100% company match up to 4%
paid government holidays. of their salary on all contributions,
including business matches, there is
One is entitled to four weeks of 100% instant vesting.
paid time off after five years of
employment with eBay Inc. The Through Employee Stock Purchase
employee’s time off from eBay Plan (ESPP), staff members are able
during his/her sabbatical is meant to buy stocks at a 15% discount and
to provide one a respite from the lock in their price for 24 months.
pace and intensity of one’s work Employees may contribute between
and give one the chance to recharge 1 and 10% of their pay to the ESPP
and explore interests that are deduction. The finest part about
important to one, such as family, ESPP is that it enables employees
travel, hobbies, personal growth, or to profit significantly on the first
education. day of allocation, i.e., the difference
between exercise and market
pricing.

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