Thread regarding Fiserv Inc. layoffs

Unlimited PTO Going Away?

Anyone else hear rumors that unlimited PTO is going away next year?


by
| 3202 views | | 10 replies (last August 29) | Reply
Post ID: @OP+1k3rcx84j

10 replies (most recent on top)

Unlimited PTO was, is, and always will be a scam. Take a week every quarter. That way, when they drop you like a bad habit, you got something out of the deal.

by
| | Reply
Post ID: @fy+1k3rcx84j

It was never unlimited; it just means if you get laid off, you don’t get pay out

by
| | Reply
Post ID: @e6+1k3rcx84j

The only reason they ever had this policy in the first place was to avoid paying out accrued but unused vacation when they fired people, as certain states require by law.

by
| | Reply
Post ID: @e1+1k3rcx84j

It isn’t unlimited. It is up to you doing your work? And how your manager sees it.

by
| | Reply
Post ID: @c2+1k3rcx84j

@az BS. People hired here with way more than that. No way they’d be that stupid.

by
| | Reply
Post ID: @bq+1k3rcx84j

@az wow! so they are cutting back all r&r hours!!! For example, today, if you didn’t have unlimited r&r and had 10-14 years of service, you would get 144 hours of r&r plus 80 hrs of well being. This is now being cut back to 120 hrs only?

by
| | Reply
Post ID: @be+1k3rcx84j

@az Is that 14 working days or is it 2 “business weeks”.

by
| | Reply
Post ID: @b6+1k3rcx84j

New PTO policy is: 1-10 years = 2 weeks, 11-20 years = 3 weeks 21 years and up = 4 weeks.

by
| | Reply
Post ID: @az+1k3rcx84j

Let’s be honest, is anyone really able to take advantage of it?

by
| | Reply
Post ID: @aq+1k3rcx84j

@OP ML said it was on the global townhall. No specifics that I remember on times/dates.

by
| | Reply
Post ID: @ae+1k3rcx84j

Post a reply

: