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re: Is unlimited PTO actually a bad deal?
Posted on 4/4/22 at 9:41 am to Splackavellie
Posted on 4/4/22 at 9:41 am to Splackavellie
quote:
It sounds great, but you almost always end up taking less PTO.
TRUTH. Our company has this policy.
They also don't owe you any "accrued vacation" $$$ if you resign or get fired.
It's a brilliant idea for companies to pitch.
0
Posted on 4/4/22 at 9:41 am to Yaboylsu63
You should take the job and keep your current one, see how long they pay you to not show up. Then when they call you out say I thought pto was unlimited
Posted on 4/4/22 at 9:41 am to Yaboylsu63
as others have said, its great on paper but it normally is worse than just getting a defined amount of time
between the research done that shows employees usually dont want to be same as taking advantage of the system which ends up in them taking an overall less amount of PTO, to the fact that employers dont have to pay you for your days if you quit or let go, it usually is a worse set up
between the research done that shows employees usually dont want to be same as taking advantage of the system which ends up in them taking an overall less amount of PTO, to the fact that employers dont have to pay you for your days if you quit or let go, it usually is a worse set up
Posted on 4/4/22 at 9:42 am to fallguy_1978
quote:
We can cash out a week twice per year and I can carry over 350 hrs. I'm well over the cap right now too.
I actually like not being able to carry too much over to the following year, because it forces me to take time off.
Posted on 4/4/22 at 9:42 am to Yaboylsu63
If you don’t know who will be there to pull the wagon, it is hard to plan.
Ask Southwest and Spirit. They have had lots of pilots either take vacations en masse and/or sick out, which left planes on the ground and had the company claim it was “computer issues” that grounded everything.
Ask Southwest and Spirit. They have had lots of pilots either take vacations en masse and/or sick out, which left planes on the ground and had the company claim it was “computer issues” that grounded everything.
Posted on 4/4/22 at 9:42 am to Yaboylsu63
It’s been proven that you take less time off.
PTO is actual compensation you earn as you work. unlimited “PTO” basically just gives you the right to reasonably delay the work you need to do anyway
PTO is actual compensation you earn as you work. unlimited “PTO” basically just gives you the right to reasonably delay the work you need to do anyway
Posted on 4/4/22 at 9:42 am to Yaboylsu63
It keeps the accrued pto banks off the companies liabilities on their balance sheet.
Posted on 4/4/22 at 9:43 am to Yaboylsu63
My company adopted it for people starting at a certain level (typically first level of management)...talking with my boss they quickly found out the term "unlimited" apparently hits a wall at around 160 hours per year, or 20 days. (For reference, after 5 years of service we get 168 hours or 21 days of PTO per year). At that point you're basically put on a list and your every action is put under the microscope...
My co-worker and I did some research and the company benefit for unlimited PTO is 2-fold: 1) the competitiveness between employees for promotions/raises breeds a lack of use, since one's reckless use of PTO (even though it's your right!) will inevitably be used against them, and 2) the company no longer has to carry people's PTO accruals as a liability. Apparently this is why it's popular in the start-up world when those companies are trying to get high valuations.
BTW and completely unrelated, we just had a nice exodus last week so morale is absolutely through the roof /s
My co-worker and I did some research and the company benefit for unlimited PTO is 2-fold: 1) the competitiveness between employees for promotions/raises breeds a lack of use, since one's reckless use of PTO (even though it's your right!) will inevitably be used against them, and 2) the company no longer has to carry people's PTO accruals as a liability. Apparently this is why it's popular in the start-up world when those companies are trying to get high valuations.
BTW and completely unrelated, we just had a nice exodus last week so morale is absolutely through the roof /s
Posted on 4/4/22 at 9:43 am to Epic Cajun
I’ve never carried even an hour. I take all they give me and if I’m negotiating salary I always ask for more pto and less pay.
Posted on 4/4/22 at 9:43 am to Yaboylsu63
quote:
Is unlimited PTO actually a bad deal?
yes
Posted on 4/4/22 at 9:45 am to yellowfin
quote:the only time i carried any time over was this year and then that time was promply used in february when we went to mexico for moms 60th bday
I’ve never carried even an hour
but outside of that i dont think i have ever carried any time over
Posted on 4/4/22 at 9:46 am to Yaboylsu63
quote:
Is unlimited PTO actually a bad deal?
depends on the manager and the company. i worked for a company like this a while back. took off 3 days to spend with my dying grandmother and got hounded about it.
Posted on 4/4/22 at 9:47 am to PhiTiger1764
quote:
The concept of unlimited PTO is fricking dumb and designed to get you to feel guilty for taking off and ultimately use less PTO.
Unlimited PTO? Just go on PTO forever.
They just implemented this bullshite for my job too. I liked it better when we got (15) days a year and got to roll them over. It's a psy-op to make you take less days AND they don't have to pay you your accrued vacation days because you don't have them anymore.
Posted on 4/4/22 at 9:47 am to Epic Cajun
quote:
I actually like not being able to carry too much over to the following year, because it forces me to take time off.
I get 30 days per year and have difficulty taking that much time off most years. Plus my wife doesn't get nearly as much as I do.
Posted on 4/4/22 at 9:48 am to Bard
quote:
The state has unlimited PTO accrual, it's one of the few perks of having a state job. PTO rolls over indefinitely but when you retire you get paid for only up to 300 hours of it. I've known of people to "retire" by taking months off before their official retirement date.
Sick hours roll over indefinitely as well (yes, they are separate hours and while you can use PTO for sick, you can't use sick for PTO).
I generally just bank my PTO then take off a week or two at a time for vacations and such. WFH during COVID, I never took an hour off so I've been flush for a while now.
Oh yay you are stealing from the rest of the people in your state
Posted on 4/4/22 at 9:48 am to Yaboylsu63
Always worse than an allotted amount that increases with tenure.
Posted on 4/4/22 at 9:49 am to OceanMan
quote:
Oh yay you are stealing from the rest of the people in your state
Who are you stealing from while you post on a message board on Monday morning?
This post was edited on 4/4/22 at 9:50 am
Posted on 4/4/22 at 9:49 am to Yaboylsu63
quote:
Is unlimited PTO actually a bad deal?
Generally you aren't paid for your unused PTO if you leave a company with unlimited PTO. That's a huge bonus to the company.
My take....It really depends on the culture on if it can be a good or bad deal for the employee or the company though. Most places in the US would probably not benefit from this.
My company is known for being high stress and high intensity. People burn out pretty quickly, and those of us that stick around guard our vacation days like we would pots of gold. Unlimited PTO would be useless here because it would almost never get approved because of strict deadlines and high stakes goals that must be met. We'd have the same problems as we would by giving people 3-4 weeks of PTO and letting it expire eventually.
The eventual expiration of allocated PTO is a soft application of pressure for employees to to take time off. Which is IMO a good thing for high stress jobs and highly competitive cultures.
Companies that are bad at looking out for their employees around family time in general might do unlimited PTO to appear better on paper to new recruits. But it's just a pretty veneer over what really matters to the company.
This post was edited on 4/4/22 at 9:55 am
Posted on 4/4/22 at 9:50 am to Leonard
quote:
My company adopted it for people starting at a certain level (typically first level of management)...talking with my boss they quickly found out the term "unlimited" apparently hits a wall at around 160 hours per year, or 20 days. (For reference, after 5 years of service we get 168 hours or 21 days of PTO per year). At that point you're basically put on a list and your every action is put under the microscope...
How does reporting on this work? Do you still report PTO in a payroll system, or do you just report it to your manager and they keep track of it?
We occasionally get comp time that isn't tracked in a system at all, but all of our PTO is tracked in our payroll system.
This post was edited on 4/4/22 at 9:51 am
Posted on 4/4/22 at 9:51 am to Leonard
i had the worst of both worlds. I was fully commissioned after a year and still had "paid" Time Off, basically just we were given 15 days off a year.
The hours didn't roll over so sales reps would regularly be in the negative. Which didn't really matter but gave our sales manager ammo to nag at you.
The last few days of the year were generally busy with last minute POs getting cut but we would always be short be few people that were forced to not work or lose their "day off"
The hours didn't roll over so sales reps would regularly be in the negative. Which didn't really matter but gave our sales manager ammo to nag at you.
The last few days of the year were generally busy with last minute POs getting cut but we would always be short be few people that were forced to not work or lose their "day off"
This post was edited on 4/4/22 at 9:54 am
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