PeterExplainsTheJoke
Can Peter help? (or does Peter not care about the job market...)
Discussion
Most companies have requirements on taking your given PTO hours, it also sets expectations on how much time you can take off without getting in trouble. Without any given PTO hours, there's no protections or expectations which effectively means you have no PTO outside what you can negotiate for and feel your job is safe with.
and when they lay you off, thereās no payout of PTO hours
In most states (41 of them to be exact) they don't have to do that anyway, at least not by state or federal law. Technically it could be required via contract but I don't know how common that is, outside of union jobs.
My current one doesn't pay out PTO anyway š
"Unlimited PTO" is HR-speak for "No PTO except for what we allow."
Basically, no change on the employer side, as they have always restricted PTO. While employees no longer receive PTO as a "benefit," thus aren't owed it upon termination.
Praise the sun, that I'm from Poland, where PTO is defined by law, and sick leave is actually unlimited(if you are sick, and its confirmed by doctor)
If a company offers unlimited Paid Time Off, on average, employees end up taking less time off. Because either: - They feel obliged not to use too much because it's "unlimited". - It's unlimited, but never gets approved.
How is "Unlimited Paid Time Off" explained in the employee onboarding materials? I feel like those would be exhibit A if any of this ever went to court. I approval is required, that's a limit-- but I'll be surprised when a company is stupid enough not to have thought of that when they wrote the details of the policy.
Some things are too good to be true. This is one of them. Companies that have this typically require you to ask for permission to take time off. If they don't give it to you, tough luck.
Also, being given permission to take time off does not mean you won't get fired from your job. They will consider you taking time off as poor performance.
Unlimited does not mean as much as you want. Unlimited means as much as your boss thinks is ok.
This might seem normal, but remember that with vacation days with a limit they have to pay you out cash for the time you don't use at the end of the year or if they lay you off if.Ā
And with a limit it sets an expectation for a normal amount.Ā
Unlimited they can always deny and pay you nothing in exchange.
So unlimited can be even less vacation than with a limit since there is no expectation and no cash equivalent.Ā
My company was just bought out last month and our new corporate overlords use "flexible PTO" but only recommend we take two weeks off a year....
I had nearly a month of PTO prior to June, and while I got paid out for it, I didn't want to be paid out, I wanted to use it.
I'm pissed.
After the Great Recession we went to a negotiated 600 hour PTO bank before getting paid cash overtime and everyone was super pissed/ trying to find out ways to get around it.
Well fast forward to a little bit in the future it turns out that if employees got over 500 hours banked PTO upper management would rain down hellfire on middle management like an angry god. So I just kept my hours hovering around 475 and took a vacation almost whenever I wanted to.
Edit- btw I totally agree, unless you're in a bind take the time its more valuable than money.
In your department, the one with the highest sick days might get fire if there are no guidelines
At my last job I managed to get 6 weeks straight off thanks to unlimited PTO.
Results may vary.
Finally a positive one - this is super dependent on the company culture - my company moved to unlimited to more closely align our benefits package to our global parent company and PTO is encouraged. So just be aware of who you are working for - can be a blessing or a curse. Folks only care about the amount of PTO you are taking if your performance sucks.
PTO means youāre entitled to that time off so you usually have no problem taking it. FTO (Unlimited PTO) means you essentially feel like youāre asking them a favor every time you want some time off.
Not a Peterā¦but unlimited PTO is a scam.
You get judged if you take too much and they donāt have to pay anything out if they fire you or you quit.
Stats show that people end up taking far less pto when itās unlimitedā¦just a giant grift.
You will always be compared against the person who never gets sick (or inflicts it on the office when they do) and never takes vacation, which scares people into taking fewer days off.
Statistically speaking āunlimited PTOā employees take less days off versus fixed PTO companies.
If I ever end up at a company like that I'm giving myself a four day work week. They will probably fire me but it will be glorious until then.
10/10 times I prefer a company that offers āboringā āclassicā 4 weeks of paid leave.
We have āunlimitedā sick days for things like colds, stomach troubles, headaches, migraines, depression, etc.
I know when Iām working in a good workplace when managers shoo sick people out of the office. They insist you get rest and immediately do their job of managing.
Unlimited PTO is poop. I want to see colleagues leaving to go on vacations, taking time off to be with their family, going to events, etc. That sets the culture and the tone and makes you feel comfortable taking vacations too.
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Does it mean that SpongeBob doesn't need PTO?
Spongebob is happy in his ignorance. The person in the post is stoked currently and people are letting him enjoy the dream for a bit
So who is Micahdotcom?
This joke has already been posted recently. Rule 2.