I saw "unlimited PTO" on a job description and I was wondering... is it a trap? I've never had unlimited but I feel like it really wouldn't be unlimited. Anyone have an opinion on this concept who actually has "unlimited" PTO?

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

It basically gets the company off the hook when you leave the firm (they don’t need to pay you accrued PTO days).
In reality it’s never unlimited, you need manager approval for any day off. But overall you should get about the same days as similar companies.

like

Unlimited PTO sounds better than it is. You still have to get all the time off approved, and one friend described the approval process of his unlimited PTO as sessions of emotional blackmail. It's probably better to just have a set number of days and not play games with it.

like

Its ’unlimited within reason’… if your thought process is your going to take 70 days off this year, good luck… companies for the most part provide ample PTO… if there is something really happening, that would require more days off than PTO provided, there’s probably something bigger happening that we should have a conversation about… whether that’s a LOA/STD/LTD or some kind of accommodation…

like

I asked management about this before.

I still have to get the time approved, but was told to use my best judgement when requesting the time.

like

Probably depends on the nature of the job itself. If you’ll always be too swamped with projects to ever step away, then the FTO/Unlimited PTO thing is a scheme they crack to avoid ever paying you out.

Ask them how many days employees (in your specific role & seniority level) typically take, and what they do to encourage employees to use that time.

It could just be a healthy company that’s trying to simplify their accounting and demonstrate a level of trust/flexibility with their employees.

like

People take off less days

Plus the company gets to keep that obligation off their balance sheet.

Related Posts

I joined a new consulting firm and have been here for 6 months. Recently, a SaaS client (1k employees) that hired my old consulting firm reached out to me about a job opening - Lead BA working primarily to implement their benefit admin system for insurance companies. My current TC is 95k. Is it worth making the jump if the offer is north of 110k? Anything I should look out for? The client and coworkers were all nice, but I remember being stressed on the project due to limited resources.

like

my stress level peaks when there is so much work to do and the filing day is only 2 weeks away 🙃

like

“There are so many layers of Daddy. Book coming soon. How to get one, how to be one, how to keep one!”

funnylike
like

Hi Fishes,

I work at TCS for Apple as an ML engineer, I have overall YOE of 5.5 years and relevant exp is 2 years, I am serving notice period and I have a few offers from start ups, but looking for opportunities in Companies like Big 4 and FAANG. My expertise is more in Deep Learning , Computer Vision and Natural Language Processing, IF you have any relevant referrals please feel free to reach out to me.

Thanks in advance

like

Hi, anyone here living ( has lived) in Barbican estate? Pros and cons of renting there? Any input welcome

Are there any Certified SCRUM Masters, or Certified SCRUM Product Owners here?

I just got the certifications and I am wondering if it would be worth it take the more advanced courses (paying out of pocket).

like

Hi,
I'm thinking of changing my career to data analytics. What course should I be doing?

like

Anyone in FP&A hiring?

like

How do you prepare for the role of technical architect? What kind of preparation do we need on daily basis?

like

Do you think clubhouse will be a hot in the longer run?

like

Hey Nagarrians, please help in sharing Information regarding how much an automation test engineer, with 7 - 8 years experience (ASE) should have a compensation at Nagarro ?

I would really appreciate your every single comment

like

How are we all feeling on this Saturday. Need something to do this weekend that’s remotely fun.

uplifting

Funny almost half the members in this bowl are MDs....

helpful
like

Hi All,

Any openings for Documentum Admin at pune location ?

Can any1 refer me in JPmc ? I m an azure data engineer and yoe - 8. LWD - 19 oct

like

Hi all! I have my first time H1B stamping appointment scheduled for November this year. But there is a potential job opportunity that I would like to switch soon. Would that be an issue for the existing appointment I have ?

like

🐠 what are your thoughts on diamond tipped bow ties compared to the classic squared off look? Have some black tie weddings coming up and need a new bow tie

like

Folks - when you calculate the total diluted share counts, does the result have to tie to the reported diluted share counts on the most recent filing (either 10K or 10Q)?

like

Additional Posts in Jobs in Finance

I have a contact who is a hiring mgr at a company I want to work for. He told me he has an open role for me and set me up with 6 interviews over a 2 week period. They all went really well and HR said I’ll most likely be moving forward to a site visit. But now my contact has ghosted me. After I made 3 outreaches he had his aa schedule time for two weeks out. Why am I being iced?

like

I have an offer in PE VP role in Citco and JPM and I am at cross road on which is one to company to choose. Their pay is very similar but JPM is offering an attractive signing on bonus. I need a honest advise on which is better between these two firms.

like

Hello, I was recently let go from my firm for not being able to pass the series 10 exam. I passed the 9 and have my SIE, 7, and 63. Are there any jobs out there that require the 9 but not the 10? All the jobs I can find require them both but I’d like to use my 9. Thanks for any advice!

like

Hey everyone,
I just applied for
Citi bank for an AML compliance analyst position. It’s a hybrid position in Tampa FL. Any feedback on the company, salary, Company values, benefits please and thank you. Citi

like

Does anyone know the salary of a beginner para planner at Ameriprise or any other broker-dealer?

Hi y’all! I’m a financial educator and my job is to help families in need of financial education! I help anyone on learning how money works here in the US & how to get rid of debt! I offer financial products that help you protect and grow your money. I’d love to help you out in reaching your personal financial needs!
I’m also always looking for people to hire!

like

I’m a financial advisor with jpmorgan and i verbally accepted a new job in private banking with another firm. This is my first time transferring licenses. Should i wait to give my two weeks notice until my new firms hr department clears me and gives me a start date or as soon as i sign the offer letter?

like

I’m looking to get into the banking world. I have 3 yoe in FinTech as an analyst and a manager. I’m interested in becoming an analyst at JP Morgan or Raymond James. Can anyone share what the WLB would be as an analyst? Or any suggestions on other companies I’m not thinking of? Located in Tampa, FL.

like

Whats’s the ideal CV length for UK mid-level roles (4-5 YoE) to engage recruiters?

Is 1 page containing punchy & concise XYZ points preferred in the UK over 2 pages inc. a bit more details of projects/ tasks?

like

Hey all! I have an interview with
Deloitte in Regulatory Risk and more precisely in their Investment Management Services team. I would like to know if anyone
knows what the job entails exactly. I keep hearing about people "fooled" into taking a job in risk advisory thinking it'll really be advisory while they only end up doing IT and Audit support (which I do not want to do).
Is it the case here?
Thanks!

like

What are people's thoughts on corporate Treasury roles, fortune 50.

What is the general compensation like and the career path after analyst? Is it more stimulating than FP&A? Does Treasury have desirable exit opportunities or do people typically continue the course and climb the company ladder?

like

Are any firms out there that are hiring full-time/remotely? Let's start a list

likehelpful

Is IB worth the sacrifice of WLB? Obvious pay is really good but are the prestige and pay worth it if you’re planning on only doing it for a couple years?

Currently working at an IRA with great WLB. Honestly I love my job, the firm, and people I work with.

Also doing MBA part time at a T15 school. Thinking about switching to IB but I’ve done my research and I think I would burn out of IB in two years but I might be ok with that for the opportunities after.

like

If i haven’t signed anything with my firm regarding repaying them for receiving my series 7 license with them I’m assuming i owe nothing if i leave? Is there a way to find out without my manager knowing I’m looking at other firms?

like

Is anyone hearing chatter in banks/FIs about recessionary job cuts or hiring freezes yet?

likehelpful

Hi there, I am in process of interviewing with the Goldman Sachs India, for a VP Positions. Any idea about the annual salaries for such positions? It is a global position in Investment domain.

likehelpful
like

Has anyone done the Blackstone pymetrics?

like
like

Is Barclay's a good bank to work for? I'm looking for all feedback - the good, the bad, and the ugly

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