EY fish: how’s that unlimited PTO?! Is there a good culture around it? How much do you actually take?

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It’s not unlimited pto, they call it “flexible” time off. Your ability to take the time varies by team and service line but the general consensus is that it’s worse off than before.

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It’s literally a scheme to not pay you out unused PTO when you leave for any non tech firms.

likesmart

I am on like week 6 of PTO this year and have 2 more planned. It's good if you are on a long term project that you can coordinate it

likeuplifting

Took almost none last year and still over 100% utilized so if they want to pull me aside, I'll start working less

I’ll prob take almost 6 or 7 weeks off this year. With our regular holidays and office shutdowns prob almost 2.5 months. Counts against utilization, but I don’t care.

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By this year, do you mean calendar year 2022?

Like EY2 said it is not unlimited. The calculation of our utilization changed with the implementation of this “flexible” vacation. We used to be measured against effective utilization (billed hours/ total hours - holidays - PTO). Now we have a total utilization that factors in PTO and holidays so that if you take too much, it hurts utilization. Nothing culturally has changed with respect to taking vacation. Client Work has to get done, regardless of PTO

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Ive taken less than 1 week since July 1st, the start of our fiscal year. I do plan to take about 4-5weeks by next June 30.

helpful

I will probable take 5 weeks total outside of our 2 week closure. What I find extremely useful is not having to worry about Dr appointments or if I get invited for a long weekend with Friends. My Partners have been really good. My attitude has always been that I am always available to help on projects where ever I am. However...I do shut down on my full weeks away. It is balance, communication and respect that allows the flexibility....I love it.

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Taken about 4. Another 2 weeks planned before year end.

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I’ve taken less for sure. I took two weeks and in a normal year would’ve taken days here and there to use up my vaca but now I don’t because it would just seem like I’m taking advtg (vs using a set amount of time). Your team is also less likely to be accommodating about requests for time off bc they don’t think if it as you using your set amount of vacation time (or something earned) but rather taking advantage of a perk at their expense.

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It’s unlimited but not encouraged…wait, it is “encouraged” but at your own risk. 99.9% of people I talked to hated this change and we all know why it was changed to unlimited, so..

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How does it practically work if for example you take off all school holidays? Or is it not that unlimited..?

From a meta standpoint, most people take less vacation under an unlimited system, you may recall how many people are cramming vacation into the end of the year and then have to get paid out when they leave. I’m surprised every company doesn’t do this.

But it works fine, as long as your work is getting done, take what you need.

It’s fine. All the complaints are from people who aren’t mature enough to think about business as business and that we need people to recharge or can’t have fairly easy conversations ( ie oOOH I’m afraid to ask because for something longer than 2 weeks needs approval for planning purposes) or they decided at the last minute and without a specific need to try and take 2 weeks off during or right before a go live.

It’s fine.

It’s business as business except no other big4 feels the need to do it and per Carolyns email it was purely a money grab.

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Taken 7 weeks, 2 more scheduled 😎

I’ve used 4 weeks so far, with another 7 days off coming soon. I haven’t had any issues taking the time off, but others haven’t been so lucky. It’s hit and miss.

I think we all understand it was a move for EY to save money especially with the great resignation. Don’t complain about it…use it to your benefit. If you plan to leave the firm…plan to take your time off before you leave. If you are staying with the firm, plan your time off early. Use it to your advantage….you don’t pay the firm to work here, they pay you and PTO is a perk…just like 1000 fitness fund. Why waste it.

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