How much time are you really being allowed? In my team it's basically forbidden to go over 33 days. I hate this heavy tracking for something that's supposed to be "unlimited."
Wanted to know what others are experiencing.
20 replies (most recent on top)
Unlimited Time Off is a euphemism for Unlimited Work
If it’s “unlimited” and you are being given a limited number… get a lawyer. I bet they unlimit you real quick.
Not joking, they can be sued, look it up.
Post from TheLayoff.com At least you get paid out when you leave.
I have all of eight days. It’s extremely hard to empathize with your struggle.
This Unlimited time off stuff is a scam. Simply put - done to eliminate the need to pay anyone for unused vacation time when they leave or are let go. Everyone knows that we are all spread so thin that no one can actually take a long period of vacation anyway, and any manager who allows an employee to disappear for a month while the rest of their team carries the burden is not doing their job. A few days at a time or a week or so spread out is fine.
The only time I have seen longer is when people from India just decide they are going back to India for a month…. Which just doesn’t seem right.
33 days off + 9 paid holidays. And you’re complaining? Unbelievable. I take it you are not in the US?
Here’s how the 33 was derived. Note: it only applied to long time employees.
25 vacation days for people with 20 years of service (5 weeks vacation.)
5 sick days.
3 personal holidays.
I believe after adding Juneteenth one personal holiday was subtracted.
Re: vacation. Here’s how it used to work… Two weeks for the first 5 years. Three weeks after 5. Four weeks after 10. Five after 20.
33 is what I had earned before the change. I stick with that and haven’t hit that many in a year yet
Just take off a week or so every other month, add to a holiday and have a few long weekends too.
It's just the like the current administration telling you how good the economy is and how the border is secure
The PTO policy keeps me in this job.
What part of counting to 33 is heavy tracking?
You have to admire the thought process behind the concept of "unlimited PTO" . Corporate leaders know most employees will freak out, figuring they will be judged by how much they ultimately use and compared to others. They also no longer have to pay out for unused time when they boot someone. Before, the schlub might have a couple of weeks coming to him or her to help soften the blow. Not anymore!
Now, the icing on the cake ... the absolute brilliance of the whole thing. They present it as a better benefit than earned time, knowing full well it's far worse.
Had that policy hit me before I left, I would've looked at the time I currently earned, added a couple of days, divided by four, and taken that number of days off every * quarter * (probably near the beginning of it). I liked saving time to the last quarter, but there is no way I would risk losing time I rightfully earned.
Here's all you need to know about unlimited PTO - You earn nothing. They owe you nothing. Not one single day. All the rest is static and smoke.
I left FI for a better job, but only accrue19 days PTO per year now. The reduction in PTO was totally worth it though for me. I get paid more for a job with a lot less stress and responsibility. Enjoy the one perk of working for FI and take your 33 days.
I am not a fan of Fiserv but 33 days is quite a bit, I don't see why anyone can complain about that. The company I am at now maxes out at 28 days a year for PTO (not unlimited).
Well under the old policy you could get up to 4 weeks off plus 2 weeks well being is 6 weeks. I have no guilt using all of them. After all we earned them.
Where are you getting 33 from?
Who gets to take time off and be away? Staffing issues no longer allow that luxury.
33 was the max number one could accumulate prior to the unlimited policy. The unlimited policy was put in place to make people take less than 33 out of sheer guilt. Take your 33.
I did some research before joining, because unlimited time off was new to me. In general unlimited time off really benefits the employer. In many cases, employees tend to take less time off, and I can attest that is the case for me. I am aware of another group where 30 days is the number you start getting tracked.
Honestly 30 days or 33 days is a lot of time off. If you are taking that much time off enjoy it, you are better off than most, whether its at Fiserv or other employers.