I honestly can’t wrap my head around this no matter how much I read.
In: Economics
1. Because at most companies it’s not truly “unlimited.” There’s an unspoken limit (usually around 3 weeks) that puts you on the short to find other work elsewhere when the time comes if you go over it.
2. It’s not in your favor. Companies are required to keep money on their books to cover your salary when you take regular PTO. In most States, they’re required to pay out that money when you quit or get fired. Offering “unlimited” PTO means they don’t have to do that, so it can screw you if you need money to cover the gap time between quitting a job and starting your next one. It also means that you can’t “save” PTO and use it for an extended vacation (or large payout when you quit) at some point. It makes corporate accounting easier, though. So there’s that.
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