Originally Posted by
jetlag7
This was a hypothetical exercise to illustrate $130,000 in year 1 is not attainable.
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I understand it's hypothetical but mentioning vacation and sick day sellback shouldn't be part of the conversation for a new hire. The following points add to your exercise.
A new hire cannot sell back sick days because they haven't accrued enough.
Sick days are accrued at 1 per month. A max of 24 days is allowed in the bank and the overflow (beyond 24) can be sold back.
Assuming the cm never used a sick day, the first possibility of a sell back would happen in year 4 after accruing overflow days in year 3.
I don't believe vacation can be sold back in year 1 for a similar reason in that the cm hasn't accrued the vacation yet, but I'd have to research this to be sure.