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Unless a union is involved, firms do not enact policies that make them less money. Unlimited PTO removes a liability. If there are specific policies that demar
by sklargh 5y ago
Unless a union is involved, firms do not enact policies that make them less money. Unlimited PTO removes a liability.
If there are specific policies that demarcate how an employee uses PTO to the degree specified in this blog post, I would argue that the firm does not have "unlimited PTO" and in fact accrues a vacation balance.
Awaiting the class action in CA.
- mech4bg 5y agoAs just one example, a few years ago our company changed parental leave to 4 months from 6 weeks. Is that making them the same or more money? I think companies do things like Unlimited PTO because although it may mean some people take more leave than before, other people take the same or less and there's no liability, so it may net out roughly the same but sounds better to new hires. I don't think every company is extremely cynical as you're suggesting. As others here have mentioned, it depends where you work - we don't bat an eyelid if people are using 4-6 weeks plus holidays, in fact we check to make sure people are actually using their PTO.
- lostlogin 5y agoCan you name this company? They sound like good people.