Re:Embracing Sabbaticals, Sunsetting Retirement Age
by ghaff on Tuesday August 29, 2023 @01:37PM
(#37311234)
The other issue with implementing sabbaticals is that it's really hard to do so retroactively at a large company that already has a lot of long-term employees.
Now you have a bunch of people who suddenly get a benefit at the same time at least somewhat at the expense of everyone else. And, as you say, like defined benefit pensions, they're inherently designed for at least relative long-termers.
But, yeah, it's hard to take a big chunk of time off otherwise. Unless you hit it big, it's risky to say I'm not going to even job hunt for 6 months. COBRA (and the Exchanges) does cover health insurance in the US to some degree but you're still taking a financial hit if you're without a job for a year--very possibly at a point in life when your financial needs are greatest.
Now you have a bunch of people who suddenly get a benefit at the same time at least somewhat at the expense of everyone else. And, as you say, like defined benefit pensions, they're inherently designed for at least relative long-termers.
But, yeah, it's hard to take a big chunk of time off otherwise. Unless you hit it big, it's risky to say I'm not going to even job hunt for 6 months. COBRA (and the Exchanges) does cover health insurance in the US to some degree but you're still taking a financial hit if you're without a job for a year--very possibly at a point in life when your financial needs are greatest.