Re:X to pay €550k to employee fired for not replying to yes-...
by dunham on Saturday August 17, 2024 @11:12AM
(#41275101)
In addition to not having to pay out at the end of employment, they also do the "unlimited vacation" thing to reduce the liability of unpaid PTO on the books. When our revenue was hit hard in the early days of covid, the company I work for asked everyone to take a week of their PTO to help the financials look better.
At the job before that I had accrued 6 weeks of PTO, which was the max. I took every other Friday off after that and was paid out a month and a half when I left the company. Everyone understood the situation, so it wasn’t looked down upon when I was gone every other week.
My perspective was that unlimited PTO was a scam to reduce vacation time. Most people are not going to take advantage of it, so the company benefits.