This year our company fully got rid of the ability to sell back PTO hours when you’ve accumulated a certain amount. Has anyone else seen this change?

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Most companies don't pay you out (or allow you to sell back) unused PTO hours unless its the situation where you have an accumulated bank and you are leaving the company. If the excuse is "coming out of COVID times" have you considered whether this benefit was available PRE Covid? I would imagine this would be a sort of cost control measure but most companies have a "use it or lose it" policy with banked PTO.

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It seems to be a decision based off of “coming out of COVID times”.

They are really taking as much as they can out of the post-Covid era, aren't they? I feel like they're using post-Covid times, and the incoming administration to do all kinds of austerity measures. Just a reminder that corporations don't care about you

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No I have not seen that change. In fact at my company they have no allowed us to sell back a section of hours we couldn’t before. I am sorry to hear that your company did that.

We’ve never had that option . Wish we did

I have not seen that benefit since the 2000s. Started with the inability to bank hours more than 240 hours. Then that was reduced to 40 then 20 and finally 0 banked hours. That was maybe 2010s. Lately the elimination of PTO is popular as there is no liability on the books and pushes tracking down to operational managers.

Must suck to work for companies that care so little they steal from their employees.

Any PTO not rolled over to the next year is paid out in december.

I can even take a PTO payout whenever I want, if I have a need for cash. Even if I worked 40 hours in a week I can put another 40 of PTO payout on that timesheet and get paid for 80 hours that week.

That option has been gone for many years. Exempt switched over to FTO instead of PTO and everyone's existing PTO balance was frozen until time of termination when it will be paid out.
The confusing part about that strategy is they are going to end up paying out PTO balances at a higher rate than when the hours were earned.

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