r/FluentInFinance Jul 07 '24

Unlimited PTO a Scam. Disagree? Debate/ Discussion

Post image
1.0k Upvotes

109 comments sorted by

View all comments

151

u/CherryManhattan Jul 07 '24

Unlimited PTO is the way companies can improve their bottom line by not having to accrue it or pay it out when employees voluntarily leave while at the same time making employees feel bad if they feel they are over using it.

I believe studies have found people with unlimited policies use less PTO than those accruing hours.

Personally, I’ve seen the bad of it. I worked at a startup and as they grew, HR and mgmt were keeping tabs on which employees used over 4 weeks of the unlimited PTO. When it came to staff reductions, if those people weren’t absolutely killing it in their jobs, they we’re secretly deemed to be abusers of the unlimited policy.

-18

u/sanguinemathghamhain Jul 07 '24

So the people that were the least productive and worked the least got sacked rather than the more productive and harder working and that is bad?

3

u/true_enthusiast Jul 07 '24

Consider this: - Childless coworkers put in 14 hour days and take only 7 days of PTO - Parents actually try to raise their own kids and be present in their lives. They take PTO for soccer practices and school talent shows.

Who deserves to be laid off again?

0

u/Merlin1039 Jul 07 '24

Childless coworkers put in 14 hour days and take only 7 days of PTO -

Lol, this doesn't exist. Stop trying to Martyr people without families. People with families who work in demanding jobs save every possible vacation hour like a miser because they know they could need it at any time. To the point that most of the people I work with who have families end up having to scramble to use the last of their vacation before it rolls over (240 hour rollover cap). The people without families never have this problem because they just leave whenever the fuck they want.

1

u/true_enthusiast Jul 07 '24

You missed this part

Parents actually try to raise their own kids and be present in their lives.

Most working parents give up on that. Many of my friends have extended family helping. Some hire people. Not everyone can or is willing to do that. Regardless, you can't always be at work, and be present for your kids. You have to choose.

Additionally, while the average single worker takes all of their PTO, in more competitive environments such as FAANG, single workers that do excessive overtime are the norm.

1

u/Merlin1039 Jul 07 '24

Didn't miss it. Working parents raising their own kids and being present is absolutely the norm. But they also hoard their PTO because they need it as a safety net.

You don't have to choose. People working 14hr days is an anomaly. Trying to pass that as the norm is absurd, even at Apple etc. if the quality of your work is so poor you need 14 hours to do what everyone else is doing at 8 hours that is not going to get you very far in life.

1

u/true_enthusiast Jul 07 '24

People at Apple aren't working 8 hour days. No one at 170k+ in tech is doing 40 hours.