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It's not exactly a scam, but it is a psychological trick of sorts. Unlimited sounds nice, but, of course, any employee would be fired if they started taking unl
by cypherpunks01 3y ago
It's not exactly a scam, but it is a psychological trick of sorts. Unlimited sounds nice, but, of course, any employee would be fired if they started taking unlimited vacation.
One thing that's rarely mentioned is that for employees who accrue fixed vacation time, the monetary value of this time tends to be legally required in most US states to be paid out upon the employee's termination. I'd guess that with unlimited vacation time, $0 is paid out.
- nickhalfasleep 3y agoThis is exactly it. Cash value needs to be available to pay out if it has a value. With unlimited, that is zero.
- iamdbtoo 3y ago> I'd guess that with unlimited vacation time, $0 is paid out. Yes and I believe this policy started at Netflix where they have (had?) higher relative salaries to compensate for this, but most companies that implement unlimited PTO skip that part.
- drewcoo 3y agoAnd don't forget "unlimited vacation, but make sure you get your manager's permission." That puts a strain on both parties.
- tnel77 3y agoFor my unlimited PTO, I just put my vacation into our HR website and the manager quickly approves it. I think our policy is like 5 days or less only requires your managers approval. 10 days or less is your manager and the senior manager. Anything 11 days or greater includes your manager, the senior manager, and our CEO (we are a small startup).