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Is unlimited PTO a curse or a blessing!

likefunnyhelpful
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Yeah I agree with P1, and clearly it’s the unpopular view here, but I think it depends on the company. Where I work it means we all take off way more than we would be able at just about any other firm, it’s encouraged, not limited or restricted. It’s great because it actually is unlimited. What I would say is most of the people on this thread don’t have unlimited PTO, their company just says they do. If you actually have unlimited PTO- it’s great.

likeuplifting

Isnt there an easy fix? Roll out unlimited PTO *with* a minimum (say, 3-4 weeks). That minimum works the way « normal » vacation works - ie you have to use it or else the company pays it back to you. The rest is icing on the cake for those who wish / need to take advantage of it.

likefunny

Yeah sorry if my sarcasm didn’t exactly come through earlier but my comment was centered around leadership’s perspective on unlimited vs. accrued PTO. I think OPs solution of having unlimited PTO above and beyond minimum mandates/accruals is a great idea, was just saying that would never happen at EY bc it would counteract the main reason we switched to unlimited PTO in the first place 😉

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Scam (only came here for the likes)

likefunny

‘Scam’ of the century

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Scam :)

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Just in case you didn’t hear the others say it - scam!

likesmart

Scam. 1. Reduces companies PTO liability, 2. studies show less people take PTO when it’s ‘unlimited’ because they don’t feel like they earned it like when it accumulates.

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My husband worked for one of those companies and if you are actually taking a lot of PTO, your utilization goes down which affects your promotion/raise status. I think it’s more applicable for companies in the commercial sector than federal.

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It’s a scam, until they explicitly call out a minimum mandatory period of PTO that everyone has to take in a year. If companies are so concerned about well-being of their employees, it’s not hard to enforce minimum PTO period.

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It’s not a scam if you take your time off. The fallacy about SM not allowing you to take time is often because you don’t plan. Book your vacation and plan then they can’t say no.

likefunny

C4 I’ve been in that position and got the time simply by saying, “I need tomorrow off, and here’s how it will impact what I have on my plate (X was delegated to this person, Y is still on track for its due date, I’ve rescheduled Z to this date).”

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So which consulting firm created the unlimitied pto scam? Really does feel like the idea of a consulting company to save a business money .

likefunny

EY

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Straight from the horse’s mouth

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I love the quote, “eliminates entitlement mentality”. How dare people feel entitled to their earned vacation?

likefunnysmart

Curse. Affects your utilization. Just another metric to justify your performance and departure from firm if things go south, again.

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Unlimited PTO and still having utilization metrics to meet? No thank you.

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Agreed. Doing away with utilization as a performance metric is a whole culture shift that Deloitte is (unfortunately) still not ready for.

likefunny

Scam 🚀🚀🚀

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We have ‘unlimited / discretionary vacation days’ but there is also a ‘guidance’ of how many you should take. I think it’s a bad policy if there is no corresponding ‘minimum days’ people should take off. While leadership is encouraging folks to take days off, it feels hard to request extended time off ‘beyond the guidance’

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We had this at Navigant for Directors and above initially. And that made sense to me- their compensation and bonus are not tied to utilization targets. Then they converted it to Managing Consultant and above, talking about how great it is to provide that extra flexibility. Then they sold us to a private equity firm. So clearly this was not about affording us greater flexibility, but a way to improve our financials. Unless vacation time is removed from utilization formulas, it is simply scandalous IMO to not attach a monetary value to it. There's no reason why 80 hours of vacation annually can't be removed from calculating utilization targets.

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Don’t be entitled to your vacation.

funny

We are attempting to repeal all that nonsense.

Depends on the firm.

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Bad!

likefunny

Why is it a scam? Is there any sort of proof to validate?

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if 90% take less PTO, is that on the employees, or the firm? besides, not taking PTO and expecting a payout when exiting the firm is on the employee, as well. It's ok to save PTO hoping to cash out, but if it's not meant to be that way, why complain?

funny

It is what you make it

likefunny

Thanks HR

likefunny

Scam. K so I know pwc 1) has accrued/capped vacation hours, and 2) PTO doesn’t factor into utilization. What about other firms?

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Related Posts

Is there anything wrong with taking vacation in one of my final weeks at my job ? I don’t want to have any gaps in pay .

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Which agency offers the most time off?

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Hi, I got selected in wipro. I have worked in 3 organization till now. So in my first organization my last working day was 23rd oct 2017 and for my 2 nd organization my joining date is 25 sept 2017....these dates are overlapping because my 1st organization had vacation concept(bench without pay)..... So i served notice period there and my second organization asked me join immediately. Will this overlapping affect my bgv in wipro? Everything is genuine. Any suggestions?

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When you left accenture and cashed out your PTO days, how long after did it take for the $ to show up in your checking account ? I didn’t get it with my final paycheck

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On PTO during CRT results time. Don't want PTO spoiled by it, good or bad. Ask partner for it so it's before I leave? Or wait until after 4th of July holiday? 🤔

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PwC 🐠, can you not roll over vacation days? What's this with losing holiday time by June 30? Please help me understand- how do you know if you have holiday balance? Thus isn't different from vacation

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Anyone else at a shop that makes PTO for creatives a total rat race? Only 9 creatives per day.

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So. What happens to all of the PTO that we aren’t going to be able to use in 2020? At my company we can roll over 5 days but at this point I’m looking at least 15 unused. What’s your strategy?

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Worked really hard on some work only for it to be discarded/not get utilized. Super demotivated right now...how can I change my mindset to feel better?

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How much PTO do you generally use per year? I try to use my full 3 weeks and everyone acts like I’m breaking the law or something

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Serious question: how do you "become" a top performer in a company? I get why some are viewed as rock stars or go-getters, but not how they do it or drum up the top-level support for it. Whenever I press to kickstart initiatives or push in a certain direction, the leadership is never interested in the actions or ideas. Instead, we just get told to bill hours and keep our utilization high. It's demoralizing how there is no support or interest in people that try to develop new areas or initiatives

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How can utilization encourage efficiency? I have a 30hr code and I finished the work in 5hr. If I charge 5, the write up gives credit to the partner and my utilization suffers.

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Has anyone gone on a vacation by themselves? Where did you go? What did you do? I really want to go on a vacation but don’t have anyone to go with and I’m hesitant to just go alone

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What is an expected utilization percentage during nonbusy season?

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Best vacation spots in between projects? (national or international)

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What's an FPX code? Is it atleast adjusted utilization?

Any other Deloitte folks get screwed in their year end rating because of low utilization since there were so few projects to be had earlier this year? Manager openly said it was "beyond my control".

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At PwC(S&) are evaluations (career roundtables) driven primarily by utilization? How much do reinvest and snapshots play?

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Where are the best destinations near manali for a 7 day vacation?

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Been on vacation for a week and I don’t want to go back tomorrow. Spending time outside, chilling with my dog and endless Netflix is so much better. 🙈

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How many starpoints for finding roaches in hotel room? #gross

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likeuplifting

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During this time last year, stores were putting up holiday stuff and we would complain that every year the holiday shopping started earlier and earlier. (._. )

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likefunny

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