Unlimited PTO works great for someone like me who regularly takes half day and full day PTO every quarter for various commitments/life stuff. But I’m also a guy and I have no problem asserting myself/spending my benefits. People who are a little less comfortable with that end up just parking on it and would do a lot better if they were given a set number of PTO days. The ambiguity hurts them in the same way not having set raise schedules and discussions hurts them.
Edit: folks, I can assure you I take a lot more than 10 days of PTO. I didn’t even say how many half/full days I take, you’re assuming a lot though I get my language could’ve been more clear there. I probably take between 20-30 days total annually. I am saying that because of unlimited PTO, it is very easy to just grab half days and full days as needed routinely and not worry about my overall count.
At my current job I get 25 days of PTO a year, with a cap of 30 days, plus company holidays (12 or so?), plus 5 days the entire company shuts down. I have to be careful not to hit my cap even taking 4 weeks of vacation because it’s still less than I earn. You have “unlimited” pto and take half of the vacation I do. If you ever change jobs you’ll get $0, while I’ll get a bonus.
You have it backwards. You’d benefit tremendously from fixed PTO that pays out because you’re taking fewer than 10 days a year. Its biggest benefactors are low-seniority employees who take 20-30 days annually.
> someone like me who regularly half day and full day PTO every quarter
So you take something less than 10 days off a year?
In all developed countries bar one that is against the law for being so few days off.
You are being abused.
You take 1.5x4 = 6 days of vacation per YEAR and use this as an argument for... wait... what exactly?
Huh?
Before unlimited PTO took off, standard in FAANG-like (US) industry was ~12 corp holidays + 15-25 days annual PTO, depending on seniority.
I don’t know anyone who takes the high end of that anymore, especially senior/staff folks.
Unlimited PTO takes a liability off the company’s books, and makes every time off request a negotiation.