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dans93

Joined: 10/19/2001 Posts: 201
Likes: 109


Our is not use or lose - we accrue and max out at amount based on tenure


a couple of years ago they moved all sales people to unlimited PTO, with a couple of basic caveats, primarily management approval.
When these people were moved, they're accrued balances were paid at 100% of current salary.
As I understand it, companies do this to reduce their own liabilities - since they have to pay out when people leave, that money is a potential liability on their books. If they move to unlimited, it's off the books. It's not done solely to give people a work/life balance.

(In response to this post by RoswellGAHokie)

Posted: 03/03/2022 at 2:36PM



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Current Thread:
  Will you get it all when you leave the company? -- dans93 03/03/2022 4:03PM
  That was 'New Mexico' ** -- FfxStationHokie 03/03/2022 3:43PM
  It was actually Ron Mexico ** -- LonghornHokie 03/03/2022 4:04PM
  LOL. Nope ... -- vt90 03/03/2022 3:36PM
  See I'm not the only one that got hitched young :/ -- FfxStationHokie 03/03/2022 4:26PM
  Added more to that previous post. ** -- reconhokie 03/03/2022 4:04PM
  Appreciate the tips ... -- vt90 03/03/2022 4:09PM
  Unlimited PTO is a good scam for employers -- MrBayAreaHokie 03/03/2022 2:55PM
  Unlimited is such a scam -- WestyHokie 03/03/2022 2:53PM
  Ideally where no cell service/internet is available -- HwoodHokie 03/03/2022 4:06PM
  No payout for us... -- DoYouLiftHokies 03/03/2022 2:41PM

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