In the mid-2010s, companies started posting job listings with an offer candidates couldn’t refuse — unlimited PTO. Needless to say, countless job-seekers have taken the bait. The arrangement looks great on paper. But, is it truly what it seems and is there a catch?
The Promises of Unlimited PTO
Over the past few years, finding the perfect person to hire has become more competitive than ever…
As a result, larger and smaller organizations alike had to get creative to lure top talent. (One of the most notable examples of this policy in action is X — formerly Twitter.)
THEN JUST LIKE THAT, THE CONCEPT OF LIMITLESS PAID TIME OFF WAS BORN.
At face value, this deal seems to have no downsides for employees.
No stress about coming up short on bills when you’re sick or have family emergencies…
The ability to fully relax — or even take — that dream vacation…
The possibilities with unlimited PTO seem endless!
Nonetheless, one should consider the saying, “If something sounds too good to be true, it probably is.”
So, let’s take off our rose-colored glasses and take a closer look at this practice…
The Harsh Realities of Unrestricted Days Off
With no restrictions on days off, it appears that employers are at a disadvantage from the outside looking in.
Especially if unscrupulous individuals were to abuse it.
However, a 2017 study found that employees with unlimited PTO take an average of two days off LESS per year!
Still, there is another side of the coin that most people don’t consider…
Unspecified limits to time off also mean that there is no payout or rollover when you leave a position…
Nor are you “rewarded” for loyalty.
Additionally, many who work in companies with these policies say they feel awkward about utilizing this “freedom.” They claim this is because they do not want to seem lazy or to be judged.
As to whether unlimited PTO can work is undetermined at this point. But right now, one has to choose if it’s right for them with both eyes open.
Further, policymakers and employers have a few wrinkles to iron out…
Be Great,
GCTV Staff
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