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Some companies pay you for your unused PTO when you leave the company. If you aren’t reporting your PTO, your “unused PTO” doesn’t go down and you can still ge
by camdenreslink 4y ago
Some companies pay you for your unused PTO when you leave the company.
If you aren’t reporting your PTO, your “unused PTO” doesn’t go down and you can still get paid for it when you leave.
- roenxi 4y agoYeah, I get the mechanism of what is going on. I'm more interested in why all the parties involved think doing that is justified. Why do people think they should be given a lump sum when they quit. Do they see it as linked to leave somehow? Is it just custom to have a goodbye gift? Do they see it as a bit dishonest but an open secret? Or is it an implicit right?
- freetime2 4y agoI would say it was an open secret that was a bit dishonest. It’s a little thing that managers can do to keep their employees happy that doesn’t come out of their budget. And in addition to providing a little bonus compensation, it also eliminates a somewhat dehumanizing aspect of having to ask for permission and track time away from the office. This was many years ago, but I still remember when my manager came by my desk and said “don’t ever submit another PTO request again. I trust you to take as much personal time as you need and still do a great job.” It made me feel valued and respected, which to me was a lot more important than the small cash bonus when I finally did leave (I eventually left when that company was acquired and found that the new company did not value their employees as much).
- mbfg 4y agothat's where unlimited vacation days come in. You don't earn them, so you don't get them when you leave. That's the point of unlimited PTO. Remove the liability for the company. If companies cared about getting employees to take time off, they would force a minimum. "Take 4 weeks off each year, and if you don't we will turn off your access card and vpn access in December."