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Im not searching for a new job but an acquaintance reached out about a similar role at a similar energy company.Turns out 2 ppl threw my name in the hat. I looked into it and the position was posted 2 weeks ago.Their director wants to meet.I bet pay is one of the first things to be discussed so that no one’s time is wasted.Am I crazy for not wanting to entertain it for less than 20-25% base pay increase?Is it selfish to ask for more? I’m sure most salary conversations end in negotiation anyways?
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The main catches are:
1. You don’t accrue PTO to use, which means the company doesn’t have to pay out PTO to personnel when they leave the company.
2. In practice, “unlimited PTO” leads to fewer people using PTO and using less of it when they do, because…
3. You end up with managers and management who absolutely look unfavorably on people who use plenty of PTO. “Not as dedicated to the work.” It’s typically a peer pressure-induced culture of not “hurting the company” by going on leave.
Studies have shown employees actually take less time off under the unlimited PTO construct. The larger ambiguity around what is acceptable or not and fear of reprisal if you happen to take “too much” time drives some of these behaviors by the employee.
At a corporate level the ability to not have to pay out accrued PTO when an employee leaves the firm is a significant financial benefit to the firm, and in some cases wipes millions of not more of financial liability off of the books.
To be clear, regardless of how it is spun, the unlimited PTO concept was not ever intended to benefit the rank and file employee, but rather the corporation.
I wonder if you could state rather upfront, that you’ll be using the “Unlimited PTO” to establish a 4-day work week for yourself?
Essentially, just scheduling every Monday or Friday as “off” at the beginning of the year so everyone is aware.
And then hyper-monitoring your assigned tasks to ensure they are completed on time or early each week?
Obviously insincere employers would still be a problem, but what other metrics could they complain about?
What if you just tell your boss going to calculate your own PTO of 6 hours every two weeks, which is a pretty common number for accrual, I think. And if you take slightly more each each year so be it. Just be sure you get all work completed.
i personally love having unlimited pto. at my company, people do work hard but also take the time they need. no one has ever looked down upon me for taking too much time. i even took 3 consecutive weeks off before for a 3 week cruise in europe. sure, maybe it would be nice to get paid out if i left the company but i'd much rather be able to take days off here and there without having to worry about tracking it or stockpiling enough vacation to do what i want
Unlimited pto is not unlimited….. no one ever takes unlimited pto…..you’ll be fired quick for ’slacking’
I feel unlimited PTOs are always a catch as employee coz no one takes unlimited PTOs. If an employee do take unlimited PTOs they will be slacked in layoffs also there will be no accrued PTOs for employee to cash them in future when you’re leaving. So its always better to negotiate limited PTOs so that employee can cash them if they have unused PTOs in future.
I think it’s too good to be true. There will always be pressure to not use it