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Let’s start from unlimited sick days first like every civilized country
Timely! I just saw a great job opportunity then I noticed the line about paying for additional PTO at the start of the year. I couldn't click out fast enough. I can think of zero reasons why I want to pay my employer to pay me for taking days off. The math simply is not mathing.
I think it's a matter of choice. If you already get 5 weeks of PTO, a company allowing you to buy 10 additional days would allow you to take 7 weeks off. Thay wouldn't scare me off from applying - they are giving optionality.
As someone else mentioned, if they are giving you 1 week of vacation, and then saying you can buy more - I agree about running away as fast as possible.
When EY had defined PTO and accrued days, they allowed us to buy an additional 5 or 10 days on top of what we got (between 3 and 5 weeks).
Coach
I have no problem with people “buying” time off as a concept, but I would be concerned about balancing it so employees on the lower end of the salary spectrum have a fair opportunity to receive the same benefit. I need to research this a bit. Sounds like an interesting PTO approach.
Coach
If an employer does not offer the desired PTO, negotiate for it.
I think it's just the way of things. You have to pay for everything. Now, if you're getting less than a week of PTO that's one thing, but you're essentially paying for benefits when you take time off that's not PTO, right? I feel the main thing is what's the company's baseline.
If this is creating inequities I would first suggest the company revisit their time off practices across all pay grades and roles.
In my experience, the cost to buy PTO is proportionate to your salary. I had the option to purchase at a prior employer, I was not making much money at the time but found it helpful to have as a safety net since I have kids. And any days bought that I did not use were then refunded back to me at the end of year.