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Roughly a quarter of American professionals hit a wall in their careers

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Re: Roughly a quarter of American professionals hit a wall in their careers

#101
post #87
post #42

At my workplace we were hyped up for a special announcement during a company meeting. this is after, literally, years of layoffs, offshoring, cut after cut to benefits, and restructurings. Morale is incredibly low. The big announcement is they are giving everyone one extra day off around a national holiday as a reward. We already have "unlimited" PTO but of course can't really use it. So their reward is letting us us…

I don't understand. What is 'unlimited' PTO? And if it's so unlimited, why can't you use any of it? I've only had jobs with very specifically defined PTO that had no ambiguity in whether I could ever use it.

Most companies use the term "discretionary PTO". That means that there is no set limit on PTO. The positive take on it is that this means employees can take time off within reason so long as they're getting their work done. The negative take is that it means you have no guaranteed days you can take, and cultural or managerial pressure will prevent you from taking even a normal amount of vacation.

It also means that employees don't accrue PTO days, and therefore don't have to be paid out for that time when they're fired.

Re: Roughly a quarter of American professionals hit a wall in their careers

#102
post #11

Earlier quoted context omitted.

When was it different? I never saw that in big corporations, only SMBs when the founders were still at the helm.

There was famously an inflection point 40-50 years ago where wages decoupled from productivity to the downside. I'm sure it wasn't perfect before then, but things did change.

Correlating not causating with the first working spyplanes and spysats going over the soviet union.

Re: Roughly a quarter of American professionals hit a wall in their careers

#103
post #11

Earlier quoted context omitted.

When was it different? I never saw that in big corporations, only SMBs when the founders were still at the helm.

30 years ago and prior for a generation or two. Employees had pensions instead of 401ks where tenure built up a guaranteed fixed income payment at retirement. Now we're all tied to the stock market. Oh, and back then a single income could support a working-class family to buy a decent house, two cars and maybe send a kid or two to college.

Those "guarantees" could be lost in a bankruptcy, though. So that world wasn't as ideal as some make it sound.

Losing your job is bad; losing your job and your retirement is a nightmare.

Re: Roughly a quarter of American professionals hit a wall in their careers

#104
post #87
post #42

At my workplace we were hyped up for a special announcement during a company meeting. this is after, literally, years of layoffs, offshoring, cut after cut to benefits, and restructurings. Morale is incredibly low. The big announcement is they are giving everyone one extra day off around a national holiday as a reward. We already have "unlimited" PTO but of course can't really use it. So their reward is letting us us…

I don't understand. What is 'unlimited' PTO? And if it's so unlimited, why can't you use any of it? I've only had jobs with very specifically defined PTO that had no ambiguity in whether I could ever use it.

[deleted]

Re: Roughly a quarter of American professionals hit a wall in their careers

#105
post #87
post #42

At my workplace we were hyped up for a special announcement during a company meeting. this is after, literally, years of layoffs, offshoring, cut after cut to benefits, and restructurings. Morale is incredibly low. The big announcement is they are giving everyone one extra day off around a national holiday as a reward. We already have "unlimited" PTO but of course can't really use it. So their reward is letting us us…

I don't understand. What is 'unlimited' PTO? And if it's so unlimited, why can't you use any of it? I've only had jobs with very specifically defined PTO that had no ambiguity in whether I could ever use it.

"Unlimited PTO" is a fiction created by accountants that sounds good on paper. When you need or want time off, you work it out with your manager. No debate about how many days you have left this year, or how many you have accumulated. It's undefined and technically you are supposed to work together and away you go.

Accountants like it because guaranteed time-off is a liability that appears on the company's books as a debt, especially in California where the company is required to pay it out when you leave (whether fired or voluntary).

But what happens in practice is no one feels like they are entitled to the time they should be entitled to, and negotiations from the employee side always come from a place of weakness. It's a terrible system.

Undoubtedly someone will respond to this post with just how amazing their manager is and that they have never had a problem. But you know when I have never had a problem taking time off, even a long time off? When I could point to the corporate policy that says I have X days, and I was taking those days.

And now I'm not playing manager roulette on whether or not I have the time, or how kind they are feeling. Or how buddy-buddy we are.

It's one of those things that are great in theory, and terrible in real life.

Re: Roughly a quarter of American professionals hit a wall in their careers

#106
post #57

Earlier quoted context omitted.

It's not that promotions should be given out indefinitely but I think a pay raise in line with inflation should be the minimum, unless you are under performing. It's funny when a company excitedly shares a pay raise with you are it's below inflation...

Merit raises are typically based on market rates as a baseline. The employees' costs in terms of consumer price inflation are not a factor. If every employer gives out raises in line with inflation that also creates a positive feedback loop which contributes to higher and higher inflation every year (I do understand that's not the only thing which drives inflation rates). If your wages are falling behind then look fo…

As an employee I don’t care about the reasons that inflation exists, I care about getting the same real money over time (only counting inflation raises, not counting merit or other kinds). And citation needed about inflation raises driving inflation, there are much bigger factors that contribute to it.

Re: Roughly a quarter of American professionals hit a wall in their careers

#107

Years of experience don’t correlate to output in all careers. Surgeons and engineers get better over time. This might not be true for all jobs. Meanwhile, management is naturally capped because every manager necessarily needs people to manage under them, so there’ll be 1/N^y managers at the yth level of the org. Unless loyalty ought to be reward for its own sake, it’s not clear why 100% of workers should get promoted…

> Years of experience don’t correlate to output in all careers.

YoE only gives potential, but are not necessarily sufficient in any career. I've interviewed engineers who learned the narrow job they were doing in 6 months, and then only did that for a few years. Do they have 6 months of experience or 3 years? I'd argue closer to 6 months unless they were doing more. I imagine surgeons are similar, where I'd rather see X number of successful surgeries performed than YoE.

This issue with YoE is also why I'm bothered when HR uses YoE too heavily to base salaries around.

Re: Roughly a quarter of American professionals hit a wall in their careers

#108
post #87

Earlier quoted context omitted.

I don't understand. What is 'unlimited' PTO? And if it's so unlimited, why can't you use any of it? I've only had jobs with very specifically defined PTO that had no ambiguity in whether I could ever use it.

Most companies use the term "discretionary PTO". That means that there is no set limit on PTO. The positive take on it is that this means employees can take time off within reason so long as they're getting their work done. The negative take is that it means you have no guaranteed days you can take, and cultural or managerial pressure will prevent you from taking even a normal amount of vacation. It also means that e…

Does this unlimited PTO still have to adhere to any legally required minimum PTO limits? If not, what prevents them from just not giving their employees any time off ever and bypassing the peer pressure part entirely?

Re: Roughly a quarter of American professionals hit a wall in their careers

#109
post #87
post #42

At my workplace we were hyped up for a special announcement during a company meeting. this is after, literally, years of layoffs, offshoring, cut after cut to benefits, and restructurings. Morale is incredibly low. The big announcement is they are giving everyone one extra day off around a national holiday as a reward. We already have "unlimited" PTO but of course can't really use it. So their reward is letting us us…

I don't understand. What is 'unlimited' PTO? And if it's so unlimited, why can't you use any of it? I've only had jobs with very specifically defined PTO that had no ambiguity in whether I could ever use it.

Normal PTO is earned in increments of hours per pay period. Each person has an accrued PTO balance that they draw down from when they go on vacation. From the accounting perspective, the company is not paying them for work during this time, they are paying the employee out of their earned PTO balance.

This creates some complications for the company where the accumulated PTO can be a liability on the books. It's a number that represents something they have to pay out with no labor in return. Depending on laws and circumstances they may also have to pay out the PTO balance when someone departs the company.

Some companies skip all of this by switching to untracked PTO, which is often sold as unlimited PTO. Employees don't accumulate a PTO balance and when they go on vacation they get paid normally, not out of a separate bucket. No extra liabilities on the book.

The trick is that PTO is now up to your manager's approval and judgment. At good companies you can actually take advantage of this for a more relaxed and flexible PTO schedule if you get your work done. I have done it and it's great when the company is good.

At bad companies, it becomes a trick where your manager always says "I don't know, now isn't really a good time to take that much time off" and then everyone gets less vacation time than they had before. I have also experienced this and it's very depressing.

Re: Roughly a quarter of American professionals hit a wall in their careers

#110
post #87

Earlier quoted context omitted.

I don't understand. What is 'unlimited' PTO? And if it's so unlimited, why can't you use any of it? I've only had jobs with very specifically defined PTO that had no ambiguity in whether I could ever use it.

Most companies use the term "discretionary PTO". That means that there is no set limit on PTO. The positive take on it is that this means employees can take time off within reason so long as they're getting their work done. The negative take is that it means you have no guaranteed days you can take, and cultural or managerial pressure will prevent you from taking even a normal amount of vacation. It also means that e…

The shift from the tem "Unlimited PTO" to "Discretionary PTO" has happened because early proponents realized it wasn't really unlimited, and they didn't want workers to think that way. But the "unlimited" term is still used to sell it, and still often appears in informal recruiting conversations.

It's just so slimy.

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