Also, in the US, employers have to pay departing employees for any unused PTO. If the PTO is “unlimited,” there’s (perhaps counterintuitively) nothing to reimburse.
Honestly, having had both paid out PTO and unlimited, I’ll take unlimited. It sounds like you’re getting fucked by not getting your PTO paid out, but you also aren’t incentivized to hold onto your PTO on the off chance you get paid out if you leave. I’ve found my mental health to be better now that I’m actively taking my leave instead of rationing it since I can just take it without wondering if I’m going to have to take an unpaid day late in the year.
If your employer is halfway decent, sure. Unfortunately some (like mine) will start denying pto requests once you hit 2 weeks. So then you say “fine, I’ll take it unpaid” and they say “that’s not an option.” The fuck it is…
That’s only true in California. Accrued PTO does not have to be paid out, nor rolled into the next year. Some employers will pay it out but it’s not a law. Except in California.
Also, in the US, employers have to pay departing employees for any unused PTO. If the PTO is “unlimited,” there’s (perhaps counterintuitively) nothing to reimburse.
Wow, I hadn’t even considered this. Here I was jealous.
Honestly, having had both paid out PTO and unlimited, I’ll take unlimited. It sounds like you’re getting fucked by not getting your PTO paid out, but you also aren’t incentivized to hold onto your PTO on the off chance you get paid out if you leave. I’ve found my mental health to be better now that I’m actively taking my leave instead of rationing it since I can just take it without wondering if I’m going to have to take an unpaid day late in the year.
If your employer is halfway decent, sure. Unfortunately some (like mine) will start denying pto requests once you hit 2 weeks. So then you say “fine, I’ll take it unpaid” and they say “that’s not an option.” The fuck it is…
You and I have been in very similar positions.
That’s only true in California. Accrued PTO does not have to be paid out, nor rolled into the next year. Some employers will pay it out but it’s not a law. Except in California.