If your company has an actual interest in employee retention, you have found a real gem. But the rest of us are getting screwed over too often to ever sit back and pretend to have job security.
What I am finding now is that every place I might want to work has no software developer employees my age (which I find to be very suspicious) and every place that does have developers my age or older is a career dead end, SNAFU, or both.
And having my ear to the ground for so long, I have noticed a steady progression in HR recruiting practices from barely tolerable to downright rude. And the time between first contact and offer (if any) is stretching out longer and longer. (I don't live anywhere near California, if it wasn't obvious.)
So if you want to be an old developer, it appears as though you'll first have to solve the problem of how to find steady work without using a resume. There seems to be an element of chance involved, such that each skill and contact you acquire at your current job gives you another roll or two of the dice for the next. I really crapped out with my last gig, which yielded zero new skills and zero new contacts, for entirely related reasons, but a contact at the previous job helped me land my current job, where I am working with someone I knew from three jobs ago.
I am not a particularly big fan of the good old boy network method of hiring, but if you are both good and old, you still may find it difficult to get hired via the HR process. That process is fundamentally broken, and it is quite unlikely that any company that interviews you will ever give you more than a single bit of feedback, that being OFFER=false. Many won't even explicitly say it, letting their extended silence do all the talking.
So I would venture a guess that older people STAY because the effort of trying to GO has become so excruciating for many of them that it wouldn't even be worth it if it resulted in a 50% pay raise. And for some of them, they know that will never happen.
Can you explain this one? I don't even come close to using my sick time up. I'd much rather have them give it as one giant PTO bucket (unless you're implying PTO is less in total than vacation + sick).
Think about how salary works. If you work as an exempt salaried employee even one minute during any given week, you are supposed to be paid for the whole week. That is why vacation time used to be granted as an integral number of weeks. Converting weeks of vacation into hours of paid time off is simply another step on the slippery slope to treating some salaried workers like wage workers, without any of the additional rights or protections.
Also, anecdotally speaking, every time I have experienced the conversion (3 times), new PTO total has been less than old vacation + sick, and it has always resulted in fewer actual days spent on vacation. The PTO conversion is always the company trying to cut benefit costs quietly without triggering a mass exodus.
As a corollary, if you have PTO and intend to leave a company, use it up before giving notice.
And we haven't even touched on other issues. People with PTO may be less likely to stay home when they are sick, because it reduces the amount of planned leave they can take. This results in more contagion in the workforce.
There are very good reasons for paid vacation and paid sick leave to be different classes of benefit. But in this case, it is simply a coal miner's canary. A company transitioning to PTO is reducing their labor costs by reducing the benefits of their productive employees. Look carefully to determine whether any effort has been made to reduce overhead. PTO by itself is not an unambiguous signal. If execs are still giving themselves bonuses while your earned leave becomes PTO, they probably just reassigned the value of your benefit to themselves, and it's time to look for a new employer before they come up with another bright idea, like stack ranking.
This criticism also applies to some extent to "we don't worry about leave" companies. I haven't ever worked for one, so I can't say for certain.