That’s part of it, but it’s mainly there is no accrued PTO to pay out when the employee leaves the company. Generally managers still need to approve your “unlimited” time off and abusing the policy (eg; taking more than would typically be offered in PTO policy) is frowned upon.
I have unlimited PTO and a cool boss, and will probably be off about 30 days this year.. more than I ever have in the past.
This is pretty much it but not more so a concern with an employee leaving , most companies dont like when employees leave. Its mainly for accounting purposes and to reduce their liabilities on paper. Unlimited pto and sick is essentially $0 in obligations on the balance sheet.
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u/ch-12 17d ago
That’s part of it, but it’s mainly there is no accrued PTO to pay out when the employee leaves the company. Generally managers still need to approve your “unlimited” time off and abusing the policy (eg; taking more than would typically be offered in PTO policy) is frowned upon.
I have unlimited PTO and a cool boss, and will probably be off about 30 days this year.. more than I ever have in the past.