The Myth of the Unlimited Vacation Policy
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Re: The Myth of the Unlimited Vacation Policy
#2Re: The Myth of the Unlimited Vacation Policy
#3See "Tyranny of Structurelessness", etc, etc.
Re: The Myth of the Unlimited Vacation Policy
#4Today, with a normal PTO accrual system, I find myself very aware that a day of vacation costs me $500 in lost paid out PTO. That makes a semi spontaneous Friday on the mountain more expensive than I'm comfortable with. It means that when I'm bored over the year end holidays at my in-laws home I don't do any work even if I feel like it because I don't want to waste my limited PTO.
Honestly, I'd rather ski more and have semi-working vacations. Not all the time, but often.
Re: The Myth of the Unlimited Vacation Policy
#5In some states and countries, use-it-or-lose-it policies are not legal, so employees always accrue the days, often carrying them from year to year. It is a bit unfair since the employee leaving hits the company with a big payout (though the payout is just payout that should have happened long ago.) On the other hand it is very fair, as i've been stuck in some companies where my boss would not let me take vacation, so the payout was the least they could do.
Re: The Myth of the Unlimited Vacation Policy
#6I've also never had a vacation request denied, and nobody has ever given me any crap about taking too much time off, although not everyone does take as much vacation as I do.
I'm sure there are companies and situations where "unlimited vacation" does end up translating to "no vacation", but I feel like a lot of the complaints about unlimited policies stem from people who are overly insecure about their careers. If you do good work and are a valuable asset to your employer, nobody is realistically going to fire you for taking an extra week off now and then.
Re: The Myth of the Unlimited Vacation Policy
#7And just like anything else unlimited, having it available without pressure to use it is kind of like a gym pass, you COULD go, but do you really want that hassle just yet?
Re: The Myth of the Unlimited Vacation Policy
#8Re: The Myth of the Unlimited Vacation Policy
#9At a previous company with a "no vacation policy" policy, I found I was more liberal with my odd Friday off to go skiing, and more likely to work remotely one or more days on my actual vacation. Today, with a normal PTO accrual system, I find myself very aware that a day of vacation costs me $500 in lost paid out PTO. That makes a semi spontaneous Friday on the mountain more expensive than I'm comfortable with. It me…
So I have no valid reason to convert my PTO into dollar amounts, so no specific guilt about using them. It also doesn't make sense for me to save too many as I could be fired tomorrow and lose them all...
PS - My employer does warn you if you're about to lose days at least a month ahead. A colleague took three weeks off last summer because they hadn't used enough in previous years.
Re: The Myth of the Unlimited Vacation Policy
#10At a previous company with a "no vacation policy" policy, I found I was more liberal with my odd Friday off to go skiing, and more likely to work remotely one or more days on my actual vacation. Today, with a normal PTO accrual system, I find myself very aware that a day of vacation costs me $500 in lost paid out PTO. That makes a semi spontaneous Friday on the mountain more expensive than I'm comfortable with. It me…
Taking that into account now I'm glad my current place of employment DOESN'T pay out PTO. You can accrue about two years worth but after you hit the cap you start to lose the days (just dropped, not paid out). They also don't pay out if you quit. So I have no valid reason to convert my PTO into dollar amounts, so no specific guilt about using them. It also doesn't make sense for me to save too many as I could be fire…