I agree. It is definitely one benefit of being loyal to a company. I'd have an extra 2 weeks now with my original company...but I'd probably be making 20k less.
What do you do?
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Noodleface
A Mod Real Quick
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The company interviewed for offers unlimited vacation time. What that tells me is people probably take less vacations for fear of losing their jobs
Fifey
Trakanon Raider
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I take pride in my work but after two years of busting my ass and sometimes working 12 hour days to ensure a car would make it out the next day and getting zero acknowledgement via financially or verbally. I quit doing more than bare minimum while I look for a new job.
My company and a lot of others in tech have DTO which means its totally discretionary. I take 4-5 weeks a year but a lot of folks despite no limit take less than 2 weeks.
Heylel
Trakanon Raider
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My new job is two weeks vacation, one week personal time, one week sick time. Apparently HR handles them all pretty much the same way. I think it's weird, but it adds up to a fair amount. Won't see any of it until Jan 1 though.
They have the buckets because each pays out differently. You likely only get paid out on vacation time if you quit.
Borzak
Bronze Baron of the Realm
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I've never worked anywhere that really kept up with it. You got 2 weeks off for a vacation and a lot of guys would just take an extra check. If you wanted off you just took off and the check never changed.
The issue isn't really getting paid for time off. But if someone took 4 weeks off at once they would be out of a job. Just because most places I have worked run pretty lean and there's no just sitting around time. But the pay is on the upside and the flexibility to just "take off" is an upside as well. I got paid for the month I was out last year without any real company policy on sick time.
The issue isn't really getting paid for time off. But if someone took 4 weeks off at once they would be out of a job. Just because most places I have worked run pretty lean and there's no just sitting around time. But the pay is on the upside and the flexibility to just "take off" is an upside as well. I got paid for the month I was out last year without any real company policy on sick time.
Borzak
Bronze Baron of the Realm
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I wish I had my medical straightened out. Got the opporunity to buy into a group buying a failed business. He went out of business for the exact same reason I told him he would go out of business 10 years ago. Equipment is priced right and pretty state of the art and it's not movable. He just tried to service the wrong industry.
Depends if they stack rank as well. Stack Rank + Unlimited vacation means you're taking no time off. If they don't stack rank it is a bit more loose but I'd still imagine there would be significant peer pressure to not take more than 4 weeks or so a year.
Khane
Got something right about marriage
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The company I am working for has had an empty office since I started in August. They had a pretty good policy (4 weeks for everyone at start, more for higher level employees) and they had unlimited vacation carry over. They got bought last year and this year the new parent company changed the carry over policy to only one week max per year. As a result you have a ton of people who have 10+ weeks banked taking it all before the end of the year when they lose it. There is no pay out option.
Vinen
God is dead
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I have Unlimited Vacation. If you suck, you worry. If you are a good employee then you are given the days off you need.
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Does anyone prefer a payout option for vacation? Not saying I don't want vacation or I don't have use for my free time(not nearly enough, hi2u home ownership and infant son). But after getting yearly family visits and such out of the way, I still have ~5 days of vacation left. Compared to cost of catchup when I come back and falling behind in that month's iteration, I'd rather they just pay me for those days instead of taking them.
Luckily stack ranking has been debunked as a valid performance management system and is being phased out almost everywhere.
McCheese
SW: Sean, CW: Crone, GW: Wizardhawk
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Absolutely. One of my old companies switched from paying out up to 40 hours to not paying out at all (i.e., use it or lose it) and there was a huge uproar. Like Khane mentioned, it just resulted in tons of people taking off purely because they had hours they knew they'd lose, whereas with the payout option they would have worked those days and been productive.
My current job doesn't offer payout, but they let me save up to 240 hours of PTO before I start to lose it, so it's not too bad.
Yeah I know but it still exists here and there. I think Microsoft only recently got rid of stack ranking.
Lendarios
Trump's Staff
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I personally prefer when only 40 hours accumulate to the next year, but you get 2-3 weeks a year. At some point i had over 120 hours accumulated. so i told my boss i was taking 3 weeks in December off so i don't lose them. With all the holidays in December you can stack them nicely, so 10 days off = 14 actual working days off.
I get 3 weeks PTO + 5 "personal" days. The PTO can roll over (up to a limit, I think 210 hours or something) but the personal days have to be used. Then I get an ungodly amount of ever accruing sick time. You can't cash out the sick time, obv.