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How my Monday is going so far 😂

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How my Monday is going so far 😂

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Team,
You asked. We listened. We are simplifying our vacation policy.
PwC 4 I laughed way too hard
Unlimited vacation is more limiting than a set number of days why would anyone support going to unlimited days of PTO
Holy fucking shit I hope not. What happens to the year+ worth of vacation that I haven’t been able to fucking use?
There is evidence to suggest that employees of companies with unlimited vacation actually take less vacation. I would be very disappointed if the firm made this change as it would guarantee I am allowed to take less vacation.
This OP must be a PwC HR Troll. I’d use a shit ton more vacation if it was unlimited just like my friends in tech do!
It’s a great idea if you’re a partner. The partner I work for says we get 365 days of PTO, but the work doesn’t stop
PwC2 - I would venture to guess if they change to an unlimited plan, your accrued time would be paid out to you in a lump sum payment similar to if you were to leave the firm. I believe this is what GT did when they converted (not certain though). I have also heard lots of good and bad about the unlimited plan
Perf for me cause idgaf
I like have 25 days. That way I can be like oh I’m taking 3 weeks off at Christmas because if not it’s expiring!
Clearly they must mean the max 176 hours which is what we are allowed to accrue before losing time. You just stop accruing when you hit 176
Partner 1 that is correct. GT paid out all accrued time when we switched over to “Flex Time Off” it has its good and bad aspects. But it is definitely not “unlimited” time off. I only took maybe 10 days last year.
I would maybe be alright, if we got paid out for our accrued vacation balance. I think it would be harder though, because I would need to make a more conscious to make sure I am taking appropriate vacations. To D1s point, it is also nice to have a system metric to point to if you're getting pushback on an extra week of vacation showing you would lose vacation
Who said this?
Cold as ice.
GT does this.
Damn PWC2 you have 2000 hours of PTO???
@KPMG 1- I think you misunderstood. The firm only allows 176 balance at any given time (i.e., once you hit 176 hours, you stop accruing vacation time). You can roll it all over, sure, but it's not like yours with rollover plus time accrued on top. You max out at 176, period.
At RSM, you lose the accrued time. As you use vacation time with the new infinity plan - they force you to burn your accrued time out.
I'm sure there's a legal issue with that, which hasn't been explored. Just as I'm sure there would be a legal issue if the company took vested funds from your 401k.
The perk of FTO is you don’t feel limited when taking time off. Meaning you don’t count your vacation days and calculate to make sure you don’t use too much of your accrued PTO. I’ve taken 30-34 days off each of the last 2 years (not including legal holidays). It’s great for lower level employees but sucks for managers and above. They would accrue more then they take at that level because they have to work more. At least at other firms they would get paid out