What it is:
A paycation is when an employee takes paid vacation from his or her employer and works at another job.
How it works (Example):
Let's say John Doe has earned two weeks of paid vacation at Company XYZ. He takes two weeks off in December, and during that time he takes a job as a seasonal retail worker at a local department store.
Why it Matters:
Paycations are ways to earn extra money. Essentially, the employee earns four weeks of pay in two weeks. Paycations can involve almost any kind of temporary work.