Cooper is pleased to announce that the May 2024 paid time off (PTO) sell-back opportunity is almost here. The payout will be based on PTO accrued as of the pay period ending May 18, 2024. Payment will be made on Friday, May 31, 2024.
Requests must be completed through iCooper Team Member Space. Team members must submit their requested sell-back hours between May 16 and May 27, 2024, through Team Member Space. You will receive an automatic confirmation email once you submit your request. You must have a Cooper email address to receive a confirmation.
Please note that there has been a slight change to the process. Please review the instructions on how to submit your sell back here.
The following outlines the criteria for eligibility:
- Full-time team members may sell back from eight to 40 hours of PTO time in 8-, 10-, or 12-hour increments, depending upon the length of the team member’s normal work shift. However, a minimum of 72 hours must be maintained in the team member’s PTO bank at the time of the sell back.
- Part-time team members may sell-back from eight to 24 hours of PTO in 8-, 10-, or 12-hour increments provided a minimum of 36 hours is maintained in the team member’s PTO bank at the time of the sell-back.
- Payment for the sell-back will be at the employee’s base rate of pay.
- The sell-back of PTO is voluntary and sell back decisions are final upon receipt by the Payroll Department.
- Team members who do not accrue PTO on a bi-weekly basis are not eligible for sell back.
- It is the team member’s responsibility to submit their request via Team Member Space by 5 p.m. on Monday May 27, 2024.
- Payroll will adjust any PTO sell back requests on May 28, 2024, where the eligible PTO balance will now fall below the required minimum hours.
For questions regarding the PTO sell-back process, please contact HRCompensation@cooperhealth.edu.