Pros and cons of unlimited PTO?

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Pros: Employer doesn’t have to pay you out for earned vacation when you leave and doesn’t have to carry that financial liability
Cons: For the employer, none

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Company doesn’t have to pay unused PTO when you leave. Also depends on the company culture. I was with a software company a couple years ago and you could take like 5 weeks. They didnt really care as long as you were getting your work done. Had a friend working at an insurance company with “unlimited” and 3 weeks was the standard for employees.

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Pro: sounds fabulous
Cons:
1) You can take time as long as someone can cover for you. (Depending on your team coverage can be challenging.)
2) No payout of unused time if you leave.

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This was my experience with unlimited PTO at a former employer. We had a small team which made it difficult to take time off as it was subject to coverage. For me, I never felt like time off was earned. I learned from this experience I work better knowing my vacation balance to “budget” time off.

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Pro: Sounds pretty to prospective employees
Con: It's not really unlimited. Historically I was taking 4-5 weeks per year including sick time off and just this year I put in for a little over 4 weeks and was told 3-4 weeks was standard when I was previously told 5 weeks since I had been there 5 years at the time.

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