Check out a recent post I did at my other site - Fistful of Talent - on the optics of unlimited PTO - what it means for companies over employees and more. Here's a taste:
In my darkest moments, I’m a bit of a skeptic. And I think unlimited PTO might just be a scam to not pay out accrued vacation and sick time.
With me? Against me? As with most things, the truth probably lies somewhere in the middle. Here’s 5 things I know about vacation/sick time and the connection to the concept of unlimited PTO:
Unlimited PTO is limitless in its attraction as a component to “Best Place To Work”. It’s hard to hear the concept exists at a company and not view said company in the top quartile of places to work. Whatever the reality is, WHO CARES PEOPLE – THEY HAVE UNLIMITED PTO. That’s how it comes across – in all caps, being shouted from the mountaintop.
I’ve worked for incredible CFOs in my career, and they all would evaluate Unlimited PTO with a form of glee reserved for Mr. Burns from The Simpsons. The exchange is simple – you tell them you want to do unlimited PTO, and after they blast the dead weight in the company they think is going to abuse it, they get that thoughtful look in their eyes as they say, “wait, that means we’ll never pay out banked time again, right? Hmmm…”
Get the whole post by clicking here. Regardless of your opinion on unlimited PTO, let's just agree there's at least mutual benefit, OK?