Yeah I had that in my previous job, but they didn’t call it PTO. Also we didn’t use PTO for our official holidays. It was really stupid: we would get 12 months worth of time off on January 1st and all of it expired December 31st. This naturally caused everyone to basically take December off, which meant our busiest months of December and January were super fun.
In my current job, PTO is earned for each working hour at a rate decided by your seniority, so you gain more PTO per hour the longer you work there, and you can bank up to a certain amount and the excess is lost. It’s a pretty big bank, so I think it’s an okay-ish balance between stealing our PTO and encouraging us to use it. I guess it could be worse.
This is different from when I lived in Norway, where I had “unlimited” sick days, all bank holidays off, and an additional 5 weeks of time off a year + vacation bonus in the summer, plus time and a half for any overtime beyond 37.5hrs/wk with double pay on Sundays and holidays.
The first company that did the all-at-once system was at least smart about having the refresh date be your hire anniversary date. The December effect you described would have wrecked them (retailer).
Yep, it eventually dawned on them that it wasn’t smart to force everyone to take off at the busiest time of year, so they started using the employee’s work anniversary instead. But, by that time I already had one foot out the door.
Yeah I had that in my previous job, but they didn’t call it PTO. Also we didn’t use PTO for our official holidays. It was really stupid: we would get 12 months worth of time off on January 1st and all of it expired December 31st. This naturally caused everyone to basically take December off, which meant our busiest months of December and January were super fun.
In my current job, PTO is earned for each working hour at a rate decided by your seniority, so you gain more PTO per hour the longer you work there, and you can bank up to a certain amount and the excess is lost. It’s a pretty big bank, so I think it’s an okay-ish balance between stealing our PTO and encouraging us to use it. I guess it could be worse.
This is different from when I lived in Norway, where I had “unlimited” sick days, all bank holidays off, and an additional 5 weeks of time off a year + vacation bonus in the summer, plus time and a half for any overtime beyond 37.5hrs/wk with double pay on Sundays and holidays.
Norway’s system sounds like a dream.
The first company that did the all-at-once system was at least smart about having the refresh date be your hire anniversary date. The December effect you described would have wrecked them (retailer).
Yep, it eventually dawned on them that it wasn’t smart to force everyone to take off at the busiest time of year, so they started using the employee’s work anniversary instead. But, by that time I already had one foot out the door.