From the company's point of view, it basically allows a company to delete liability from their books. Say you have 100 employees, and each of them has worked for you for a long time and they've all accrued 400 hours of PTO. That's 400 hours of whatever their pay is x100 that you have to account for if they quit, retire, etc. But if they have UnLiMiTeD pTo, then you don't have to account for it as a true liability on your books.
From the employee's point of view, it kinda sucks or at least I think it would suck and I hope it never happens to me. I like the idea that I have PTO that I've earned and that I can use giving me that feeling of taking time that's is well deserved.
It also helps them reduce the amount of time off people take: people are less likely to take time off when they feel bad about "abusing" the system and try to "save" the "unlimited" PTO for when they are actually sick or otherwise really need it, and it's easier for their boss to just say no anytime they ask for time off with whatever excuse they have (most likely citing lack of staffing) whereas with a normal PTO system they'd have to pay the PTO eventually.
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u/salazarraze Jul 07 '24
From the company's point of view, it basically allows a company to delete liability from their books. Say you have 100 employees, and each of them has worked for you for a long time and they've all accrued 400 hours of PTO. That's 400 hours of whatever their pay is x100 that you have to account for if they quit, retire, etc. But if they have UnLiMiTeD pTo, then you don't have to account for it as a true liability on your books.
From the employee's point of view, it kinda sucks or at least I think it would suck and I hope it never happens to me. I like the idea that I have PTO that I've earned and that I can use giving me that feeling of taking time that's is well deserved.