Unlimited Vacation time - the "new" trend? (1 Viewer)

[fantasycurse42]

That sucks, but my vote was for you to stay anyways.  I recently have been finally able to work for a guy I'd been trying to for 4 years, having a great manager makes such a big difference IMO.  Particularly with ambiguous vacation policies.

Having an awesome boss is priceless. It wasn't meant to be. 

 

[ShaqAttaq]

You can only collect on all the accrued days when you leave the company, right? 

ETA: this is how the OP got the shaft from his current company IIRC.

I can cash some of them out each year at 100%. I've been doing that to manage the growth of my stockpile. I'm planning on burning a week of days off to fund my fall vegas trip

 

[top dog]

We have a "use it or loose it" vacation policy.  I wish I could cash some of it in or roll it over.  End up taking days off to do nothing.  My wife's company lets her cash in 40 hrs (at 100%) and/or you can roll 40 hrs to the next year.  That would be pretty nice. 

 

[eoMMan]

How has this "unlimited" PTO policy worked out for your companies? Have employees been abusing the policy? Has it created drama?

My work is doing this effective 1/1 with PTO needing to be approved by your team and/or manager. We're getting paid for all accrued time as of 12/31. The time will be tracked and reviewed at year end so it doesn't sound like I can go ahead and get 50 days of PTO approved over the year but still...I guess it's cool I don't have to worry about how much I have accrued in order to plan my time off.

 

[Snotbubbles]

I get 25 days of vacation each year that I use or lose. I am now work from home and I struggle to use all my days.

 

[FBG26]

I have unlimited PTO and I'm sure I abuse the heck out of it. I don't have to request the time off, I just take it when needed. I mean, I tell my manager in advance if I'm taking a week of vacation but I there isn't a formal request. I took three one-week vacations this year. Actually four because I won't be working between Christmas and New Years. And then countless random half days or full days when I have something going on or a sick kid. Usually I don't even bother to even mention those to my manager. He doesn't ask so long as the work gets done.

 

[snogger]

How has this "unlimited" PTO policy worked out for your companies? Have employees been abusing the policy? Has it created drama?

My work is doing this effective 1/1 with PTO needing to be approved by your team and/or manager. We're getting paid for all accrued time as of 12/31. The time will be tracked and reviewed at year end so it doesn't sound like I can go ahead and get 50 days of PTO approved over the year but still...I guess it's cool I don't have to worry about how much I have accrued in order to plan my time off.

When I worked for a company that switched to unlimited I ended up taking less time.
Before the switch I had 5 weeks with no carry over. Sometimes scrambled in November & December to use it up as I didn't have the money to go on more than 3 weeks of "real" vacation.

Once we switched to unlimited, I checked what I had used at the end of the year, and it was 3.5 weeks.
Tried to make sure I used more the next year and got up to 5. But had we stayed with use it or lose it I would have been collecting 6 weeks, so still a net loss.

The company I started with in July started me with 4 weeks which is about right for what I need.