Hot take: its pointless to care about PTO payout.

This is money you get when leaving, so either you should be going to a new job that’s paying a lot more or retiring and already having a large retirement fund.

I’ll grant 2 things: 1) it does suck for people getting laid off 2) if it comes with a strict approval system then PTO is ruined, but because of the approvals, not inherently because it’s unlimited.

But overall I think this won’t change your life as much as you think

like
Posting as :
works at
You are currently posting as works at

Wow. Massive assumptions up front there

likefunny

Your first words should have been “garbage take”

like

How is it pointless? PTO is considered a part of your compensation, if it gets forfeited that is part of your compensation getting forfeited as well

like

Idk man your claims are all baseless and I don’t even work for EY. I for example just left Deloitte to take care of aging family members. My PTO payout is $10k+, which I earned through accrual, which I’m happy to have as it covers a lot of my relocation expense, especially when bonuses were tiny this year.

like

Your argument is don’t worry about it because it’s not significant? And you thought this was a strong enough argument to share it with us?

like

Do they not realize that the long-term is inclusive of the short-term? Also, if that isn’t significant, why do they shout from the rooftops when they give slightly higher than usual raises/bonuses in a good year? Isn’t that “not a significant amount”?

OP, PTO is an earned component of TC. By moving to an unlimited PTO they are taking away an earned component and replacing it with a discretionary one.
Would it be acceptable if a firm decides that everyone's pay will be cut by $100 a week but allows leads/projects/managers to cut checks out to staff?

likesmart

EY Leadership alert 🚨🚨🚨

like

They all have burner accounts, let’s be real

like

Lmao wow nice hot take- you’re basically saying extra money shouldn’t matter to me. In that case why do I care about my bonus? I should already have a significant amount in my base or retirement fund

like

I hope this isn't Deloitte HR testing the waters, don't even try going the EY route there.

like

Race to the bottom

like

Is EY giving raises to adjust for the ~1 month loss? Assuming 5 weeks PTO (I don’t know what the policy was) you’re essentially going from having to work 47 weeks per year to 52 with no increase in salary, ignoring holidays which are structured days off (ie you can’t choose which days).

Pretty sure there are studies that show unlimited pto yields fewer actual pto days. Plus the firm can now “reject” pto requests without penalty...if before they said you couldn’t take pto, it would either carryover or would payout if you quit (yes, subject to whatever the last policy was).

like

Lol why are you assuming your pay will be a lot higher? Does daddy D pay that little?

I value the vacation days much more than they payout. Assuming you get 1000$ per day, I would rather take 2 weeks off than getting the 10k bonus. Dont forget to take vacations...

Agree, but I think the point is that today 2 weeks off = $10k and you can decide what works best for your individual scenario. In the future, this ability to maximize what’s best for you goes away.

like

It’s taking the time you earned. If I had 4 weeks vacation I can give 2 weeks, quit, and have 4 weeks paid. If I took off 4 weeks, came back, put in my 2 weeks leadership would be livid. It’s unequal.

Related Posts

Does anyone else catch themselves using vacation time just to try to catch up on what seems to be an unending pile of work? #sucks

like

What happens if you have negative balance of PTO

like

One of my coworkers thinks she deserves more PTO than it is allowed in our agency because she's "struggling". We all struggle with our own battles but she's being very rude about it. How can we handle this?

like

Anyone ever considered contractor gig in Meta/Facebook or any other big players in tech? I'm full-time in a smaller company and it's pretty stable. Wondering if the move could be worthwhile. Mostly want to explore other areas. Other things to consider: planning for babies in the next 3-5 years; maternity leave in current position is basically what's legally required.

like

London Fog Latte Shortbread with “Jackson Pollock” Lemon Glaze - A little late night holiday baking. These melt-in-your-mouth buttery cookies are infused with Earl Grey tea leaves and vanilla beans.

Post Photo
like

Just found out I’m getting laid off in two weeks. How do I stay motivated to do work until then?

like

Recently freed from the consulting game (starting end of next week) with a great severance and new energy around RE. Closed our first REPE fund last year as well as a sizeable personal portfolio in a large midwestern city, all on the side.
If you’re accredited and interested in putting some $ to work in this super low yield environment, ping me! Ramping up the next fund soon.

like

Hi All,
Does Citi provides joining bonus for immediate joiners?
Thanks

like

Any book recommendations for the summer vacation season? What's your favorite book over the last year?

like

Will we get extra salary if we worked on holiday in tcs. In timesheet its showing red means holiday

funny

How would you feel going on vacation with friends who want to bring their kid along too?

Although Amazon has instituted a hiring freeze and layoffs are probably on their way, I went through the loop for a security engineer position at AWS. Before I attended the final interviews, Amazon placed the hiring freeze and called me to ask if I wanted to go ahead or cancel my application. I decided do go ahead Right now I'm waiting for their response and the position I applied to changed from "under consideration" to "no longer under consideration". Thoughts?

like

What are the best pwc perks?

like

What are the benefits C10 position gets in Citi??

like

NDAs - signed my first one as a part of a severance agreement. thinking about leaving an honest review for this company, but unsure about the liabilities that come with this. (NDA mentioned no defamation) leaning on the side of letting it go, but this employer sucked BAD and i want others to know. ik its hard to give a straight answer bc it depends on the agreement, but wheres the line between bad mouthing vs your honest experience?

like

Hey Guys could anyone please help me to understand how could we check our leave balance. I have joined cts last month and went to onecognizant but was unable to find the same

like

Shall I disclose reason for leaving a firm during my initial call with a recruiter from said firm, if I was laid off? Are they privy to that information. Ironically being recruited by that same firm

like

Hello! I’m based in NYC and looking for my next role. I work in the digital strategy/brand strategy space. I have experience across multiple industries (tech/telecom/Pharma (dermatology)/beauty and skin care and I am looking for a Director or VP role (my last job was a VP). I would like to keep my base of at least $180k (is this reasonable if I look for Director positions too?) Would love to land something soon before we hit the holiday season. Do you think what I am looking for is reasonable?

like

I have an offer for a company abroad. Originally they wanted me to fly out and start the day after Thanksgiving (not celebrated in their country), but because of the holidays I suggested starting in either December or January with the ability to take some holiday days in December to fly back home for Christmas. They then proposed starting out remotely “as soon as possible” in the US as a contractor and then moving abroad to start full time abroad. (Cont)

like

More Posts

Currently on H1B. Trying to decide if I should pursue full-time MBA, or get part-time MBA while working. Just got MBB offer with 30% salary increase. Both MBA programs are top 10.

like


Immediate Demand for BAs and PMs in EY
EY have 50+ openings for BAs and PMs across different clients. 
 BA / PM Skills and Experience:
Min 6 years of experience
Most of the relevant work experience should be in BA / PM roles.
Retail Banking / Commercial Banking / Investment Banking / Capital Markets experience is mandatory.
Experience in Digital Transformation projects in banking sector.
Strong Stakeholder management skills.
preference will be given for early joiners (<30 and <60 DAYS)

like

I had no income in India and was in US the entire year. Do I need to file IT return with 0 income?

like

So recently started at Dell. Anyone care to share what a typical IC-8 base salary is within product/marketing? Received an offer from a competing company right after starting at Dell and it was a pretty significant difference. Just wondering if I made the right career choice.Dell

like

Does it matter which interview date I select for schools? The last day offered for one of the schools is best for my schedule - does taking that slot hurt my chances?

like

How can I sell my 2 years of clerkship as valuable experience for corporate work? I would like to get credit for at least one year (at least in salary, if I can’t in seniority). I know for litigation they are more clearly valued and linked to that type of work, but I have reconsidered my interests and now am thinking of going into corp. However, I don’t want to feel like I wasted 2 years clerking (which I don’t feel like that, but I have to convince an employer of that too). Any help or insight?

like

Marsh & McLennan Hi Fishes,

I am currently serving notice period and 30th sept 2022 is my LWD.

Role : Java App Support Analyst

Tech stack : Java,Linux,SQL,ITIL, Jenkins

Current CTC : 5.7LPA

I have offer from Marsh : 14.LPA fixed + 10% variable

BOA is offering 13.5 LPA Fixed+ 1.5 JB

However, BOA is giving DOJ as 7 Novemeber.

I am looking for your suggestions which one to join. Kindly help.

Bank of America Marsh McLennan

What is the salary range in Infosys for Oracle apps project management for 9 years of experience? Current CTC is 18 lacs

like

How high does L6 range typically go for Sr Program Manager roles? I am currently at ~250k TC and the position they were interviewing me for hand a max range of 200k TC. Is >300k TC possible?

like

Can anyone help connect me to someone who might be searching for a copywriter with a few years of CPG experience? (Originally from MN, looking to network)

Looking for info on the Meta Reality Labs Global Marketing team, specifically Meta Quest. Have an offer and would like to get the real scoop on WLB/team culture. Does anyone work there, have a friend there, or have the deets? Happy to DM, too. ☕️🫖

like

How is Salesforce project in Coforge? WLB etc..

like

For folks who have applied for AP/EAD, how long did it take for you to receive it?

like

Had to throw in the tahoe & wine country 🙄 douche

Post Photo
funnylike

Director interview after super day?

Had a super day last week and I thought it went well, partner sent back a nice message to my thank you note. Trying not to read too into it, but is it normal to have an interview with another director after having already interviewed with a director (and a MD)?

I did mention I have interest in a specific area with a director last week and it looks like this next director I’m interviewing primarily works in that area.

like

What is the approximate package offered in a product based company to "Software Engineering Manager" with 15 years of total experience ?

Ctrl+C , Ctrl+V

Post Photo
likefunny

A Delta flight I took from the US to the EU a few months ago was delayed 24 hours (of which I spent at the airport) and when I asked for a refund for the $1300 ticket they declined and offered a $150 gift card 😂🥴🙃

like

Hi Fishes :
I have 2 offers for Automation Engineer:
1- EPAM Anywhere - 21LPA[inc. Bonus] - Totally Remote
2- Jio Infocom - 21 LPA[Fixed] but with lot of provisions in CTC - Will call to office [location : Mumbai]

YOE: 6 Years
Need your suggestions

like

Does anyone knows notice period in Hexaware during probation period. They have not mentioned anything on offer letter though .

like

Additional Posts in Consulting

Anyone afraid to take vacation in FY18, for fear of missing utilization? 🙋🏼🙋🏼‍♂️

like

Has anyone gone into YE with lower than the target utilization? I have about 2 months worth of PTO and trainings this year but want to know how a low utilization will affect my YE rating

like
like

How much do you pay for rent in your city. I’ll start, DC $3,000 1-bed

like

So we hired our own doctor to be on a firm wide WebEx about how COVID is ok. When pushed on whether the Dr would travel, he says “No.” LOL @ the idiocy of my firm.

likefunny

Do you all know of any online classes in econometrics modelling? Platforms like Datacamp seem to cover rudimentary topics, looking for more advanced modelling techniques.

like

Guys I need advice: A manager position at Uber Eats with a pay cut but a hell lot of equity in Uber or joining a boutique consulting firm in Financial Services and helping them grow with a pay increas

like

Too harsh as my farewell message? 🥳

Post Photo
likefunny

"$20k in savings" seem to be the new FB humble brag

like

Any issues at Logan this morning?

like

Has anyone had their expenses rejected? Ever get a nasty note from Controllers on "high expenses" that hit an internal code? Do they ever reject (assume it's already been submitted in DTE)?

like

Suggestions for what to do for a 36 hour layover in Hong Kong?

like

Any book recommendations for someone looking to get into a Product Owner / Manager role?

like

Best consulting firms without the massive ego?

like

Hired as SA1. if my utilization is low for round table but I’ve gotten good Snapshots will I go up to SA2 or SA1B, which I don’t want of course.

like

My younger brother has the opportunity to do Software Engineering at FAANG and consulting at MBB as a fresh grad. I told him to do SWE, but I’m afraid I’m giving him biased advise cause I’m jaded in this industry. If you were me, what would you advise him?

likehelpful

Airline ticket charge and expenses. Curious as to if your company requires you to use the Corprate card for airline tickets or can you use your own card? Small boutique here and use personal

like

Looking for non- fiction book recommendations. I just read Shoe Dog and loved it.

like

That moment when you realize the slides you've been building today have been influenced by the menus of video games you've been playing over Christmas 🙊

like

Sometimes I just want my work calendar on my personal phone for notifications, etc. There’s gotta be a way to get title, location, duration over without manual copy paste and without big bro knowing.

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal