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"Unlimited vacation" is largely an accounting trick. Unused PTO is an accrued liability on a balance sheet. By replacing PTO with "unlimited vacation", companie
by 7Figures2Commas 13y ago
"Unlimited vacation" is largely an accounting trick. Unused PTO is an accrued liability on a balance sheet. By replacing PTO with "unlimited vacation", companies are simply eliminating this liability from their balance sheets. When you have a large, highly-paid workforce, this adds up.
- logn 13y agoAbsolutely true. I used to work at a company that was begging us to use our PTO because it was impacting the books too much.