FAQs for Germany Team Members - Migration to Oyster-owned entity

Hyun Cho
Hyun Cho
  • Updated

1. How will the migration affect health benefits? 

There will be no impact on health benefits. If you were previously enrolled with SafetyWing or IMG, you will continue to be enrolled there. 

2. Why is my holiday being paid out and not carrying over to the new employer?

This is a normal process of any resignation. You're ending your employment with your current employer and joining Oyster. With Oyster as your new employer, you will start to accrue leave for the remainder of the year.

3. But what if I already have leave booked in the latter part of 2022 - will I be paid as normal?

The answer is maybe. It will depend on whether or not you have enough leave  days to take as part of your normal allowance. If not, the days may be taken as unpaid, but remember - you will have already been paid for the untaken but accrued days from the first part of the year with your original employer.

4. How will I be paid for the accrued but untaken annual leave?

Your current employer will confirm your accrued but untaken leave days and will pay you as part of their normal offboarding pay cycle. Please check with your current employer to find out how this will work.

5. What will happen to any bonuses or allowances and accrued holidays and leaves?

Any accrued bonus and allowances, as well as accrued but unused holidays will be paid along with your last salary payment with the third-party employer.

6. Can I use the vacation days left instead of having them paid out?

You can use the remaining vacation days as long as your request for time off is approved by the cut-off date for the final month of employment (See: What are cut off dates?). No vacation days can be cancelled or added after the cut-off date. 

7. What is the timeframe for the migration from the local partner and onboarding into the Oyster owned entity?

Overview of migration schedule (dates are approximate only):

June 21st - July 11th

Informational emails sent to Team Members

July 11th - July 31st

Team Members submit resignation form to the third party employer and sign new employment agreement with Oyster

Mid Aug - Oct 31st

Team Members are onboarded into the Oyster owned entity immediately after observing their notice period. Notice periods can vary between 1 month to 3 months. 

Team Members receive payment for vacation days accrued but not taken from the previous employer.