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Generally, you wouldn’t get paid any PTO, since you’re not “owed” anything
it's unlimited. therefore there's no accumulation of time off which means there is no payout. companies like this because they don't have to accumulate debt of accrued PTO time. your short answer : no payout
No, that’s why companies love having “unlimited” PTO policies. They aren’t as great for employees as they sound.
When EY switched there was this secret email from the higher ups that got circulated that said something along the lines of “DONT share this with staff but this will save us $30m/year because we don’t have to do payouts for unused PTO”
That being said if your company has switched and you have accumulated PTO you haven’t used and live in one of like 6 states (I don’t remember which) you are entitled to that payout
Yeah now our policy is… you have to request like 6 months in advance and we won’t let you take breaks at all around certain dates and you have to have x number of weeks between breaks and this rule and that rule… not very unlimited
we do based on what you had before we converted to unlimited.