Was talking with a friend about her SO's company moving towards PTO Banking and we were trying to figure out what the advantage was to the company offering it and how it might disadvantage the workers.

Off the top of my head here's a couple things I came up with:

  • Have to earn which means an ongoing emergency that taps you out before you can bank it can leave you screwed
  • If your hours change, the amount of PTO Banking you get for the year might as well.
  • In some states unused vacation time is paid out on separation, meaning with PTO Banking you haven't banked yet, you're SOL.

I think those are right, but if anyone has a decent write up that's known to be accurate that I can share instead of my own ramblings that'd be great.

Edit: Apologies, I switched over from PTO Banking (typical term for earning time off that combines sick and vacation days) in the title to just PTO in post and think that may have caused some confusions. I've fixed it. Thanks for the answers so far, looking forward to more.

  • Deadend [he/him]
    ·
    11 months ago

    This is less of a pto question and more of a methodology.

    Some places have paid time off accumulate based on time worked, some do them per year/time.

    Then you have a limit option. Is it limited per year? Is there rollover?

    Are sick days counted different than planned days? (Vacation is planned in advance)

    I don’t have a true left wing take on it other than people should be able to not always be working and should have the freedom to experience life, therefore vacation days are a good thing.