Is KPMG actually going to have unlimited PTO?

likehelpful
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Take it from someone that’s had it - it’s a scam

likefunny

EY2 I left the firm last year, I live in NY and I was not paid out my old pto.

Sounds like they want to wipe off some liabilities from the balance sheet…

like

Our team leader (BPG group) said it's coming to KPMG. Leadership is working out the details. Leadership thinks it will help with recruitment of Gen Z, etc. Team leader also confirmed it's a scam and a way for the firm to avoid larger payouts on future RIFs or voluntary resignations. They also told us to use as much PTO as we could before the end of this FY. The firm is looking to save money more than motivate staff. They don't really care about loyalty, etc. The firm is in mercenary mode when it comes to staff.

like

When EY switched to it in 2021, they wrote it all of their books. Many of my co-workers at the time took off the entire month of December because of it

like

Where are you getting this BS from?

like

partners have a call with paul and laura highlighting “key change to employee benefits” next week

likefunny

Carrot and stick

like

I was right unfortunately

like

Can’t we only carry over 40 hours anyway?

Depends on State

Here's the deal with unlimited PTO (we've had it for a few years) - know how many days you qualified for before the change and make sure you take AT LEAST that much. Get 20 days? Put them all on your schedule. And then if you need a half day for a doctor appt or a couple days for being sick, you take them without feeling bad. It honestly is really nice to not have to worry about it. I have kids, so if they had too many sick days during the year, I used to worry that I wouldn't have enough days to take off for Christmas. Now I don't worry. I think that's the benefit.

It’s a scam

CFO

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