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).
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.