I honestly can’t wrap my head around this no matter how much I read.
In: Economics
Limited PTO is money. If you have a policy with your company where you accrue 2 weeks of PTO per year up to a limit of 4 weeks, when you leave the company, they owe you the salary for the PTO you didn’t take. It’s money.
I have never reviewed an employment contract that involved unlimited PTO, but I assume that’s no longer the case, because if your PTO is unlimited, they can no longer assign a dollar value to the time you take off.
When you couple that with the toxic workplace relationship US companies have with actually taking vacation time, “unlimited vacation” is the worst of both worlds.
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