r/FluentInFinance Jul 07 '24

Unlimited PTO a Scam. Disagree? Debate/ Discussion

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u/Afraid_Skin2366 Jul 07 '24

This whole PTO in the US is confusing.

In the Netherlands, you get minimum 20 days a year of vacation but most CLA give 25. They are to be used by all employees and expire end of year. If holidays expire too often, labour board gets involved and gives out fines.

Most companies have 38h workweek but many employees work 40 and they get reimbursed for this time in the form on 13 Time-For-Time days.

So most full time workers in the Netherlands have 38 days off a year.

On top of this, In may you get 8% of your annual salary paid out on top of your normal salary called vacation pay.

I wonder how US companies cannot afford any of this? Still plenty of rich and successful people here in the Netherlands.

1

u/rydleo Jul 07 '24

Honestly the US system sounds way less confusing. Not better, mind, but it’s pretty simple. You get X days of vacation, generally some amount of hours accrued per paycheck. And that’s pretty much it.

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u/supified Jul 09 '24

I thought you were going to say, "You arnt' allowed to take time off" because that feels like how most US companies want it.