Unlimited PTO: Should you or shouldn’t you? What was once heralded as the greatest thing to happen to employee benefits since the matching 401(k), the allure of unlimited PTO has cooled a bit for both employers and employees.
For all the pomp and circumstance surrounding unlimited PTO, it remains that 1% of U.S. companies offer the benefit. For that small percentage, however, the benefit has served as a critical recruiting tool. For others who have tried it or considered it but ended up rejecting the idea, unlimited PTO turned out to be too good to be true. Either it was done simply to take vacation off the books (in some cases, disallowing vacation accrual to be paid out when an employee leaves the company) or it was met with a culture that either couldn’t sustain it or that fostered a stigma towards those who took advantage of the perk.
The following infographic shows some interesting facts when it comes to comparing unlimited PTO with limited plans. Where do you stand and what questions do you still have? Let us know and we’ll follow up with advice from our favorite HR experts.
Image Copyright: tomwang / 123RF Stock Photo
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