Okay, I promise, after this post, I’ll stop talking about this subject!
I will tell you when I started this conversation over a tweet my friend Matt Charney put out, and a subsequent viral LinkedIn post on the same subject, there are clearly two very opinionated sides to this issue!
Side Unlimited PTO (UPTO):
There’s nothing like the idea of being able to just take time off when you want and not having to worry if you have the ‘time’ or not saved.
Yes, we know the data, and it says on average people use less time, but that’s my choice.
If you work at a company with a great culture and leadership, this is the only way to go. It’s a beautiful day and I want to take my child out for a picnic, but oh, I only have five days left for the year, I better save those. That choice sucks.
- UPTO folks are idiots that don’t understand this is a scam that benefits companies, not employees.
- Accrual is better because if I decide to leave the company the company has to pay me the time that I’ve banked.
- When I take accrued time off it feels earned, thus I don’t feel like I need to work while taking the time off.
The Facts about Paid Time Off (PTO):
- Any PTO plan sucks if you work in a toxic culture where you feel stressed to take time off.
- Unlimited PTO is a fallacy. No organization is going to let you take off the entire year of work paid and not fire you. Grow up.
- If your reason for liking a plan is that it’s nice when you leave the organization. That plan is a broken benefit for the organization.
- Every employee should feel comfortable to stay at home when they are sick. Meaning, they will get paid and not feel pressure to show up and risk getting others sick.
- There is no perfect PTO plan because we all value our time differently.
What’s the better PTO Plan?
Here’s what we know. Making a statement like, “Why don’t we just act like adults” shows me you don’t have a clue about how complex this issue is. The pandemic basically killed the standard UPTO plans moving forward. “Oh great, you offer UPTO!? So, like during a pandemic you’re going to keep paying me fully for three months!?” Um, well, not exactly…Read more here….
Source: The Tim Sackett Project