Yet another benefit removed so Chuckie can hold on to his millions.
If this is the level of cost-cutting that's going on, what's that say in the larger context?
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You answered a non-question. That IS how PTO works, but yes, most labour laws stop companies forcing employees to take PTO. But many did, because it’s pointless to work between Christmas and New Year, when most of the company is off.
But now? I think many will refuse to take PTO for shutdown outside the US. I will.
The ELT will have to fix this to avoid shutdown failing.
That is not how PTO in 'the rest of the world' works. In almost every country, local laws prohibit mandated PTO periods. It's only in the US where it is mandatory, in most other countries it is only 'highly recommended'
There will still be a shutdown at Christmas. The rest of the world would have to take PTO at a shutdown, but for US employees it would be just paid holiday.
Who is PTO?
So does this mean that they can do the Xmas shutdown[and now July it seems] and it’ll be without pay since you have no vacation accrued? Seems plausibly underhanded enough for this ELT crew.
VTO, aka paid time off, is now no longer accrued, but when you take time off, you're still paid for it. Now the year-end shutdown won't count against your "vacation" time as it won't be tracked in Workday, but you'll be paid during that time period. You're also paid when you take "VTO". You just now have to communicate with your manager before hand (not really a change), and get it approved (most managers approved it as long as you had accrued PTO) and just asked you if you had someone to cover your tasks while you were out.
They said that the July shutdown was a one-time thing. We'll have to wait until next July to see if they lied, but since PTO will be gone, there will no longer be a "liability" on the books coming into year-end so there's no point in forcing everyone to take time off and affecting productivity. What would Cisco gain by making us take that week off in July under the new VTO program?
So does this mean that they can do the Xmas shutdown[and now July it seems] and it’ll be without pay since you have no vacation accrued? Seems plausibly underhanded enough for this ELT crew.
I don't care for it, but at least they're paying out what we've already banked.
Cisco can't be like every other company and call it "Unlimited" PTO.
That's because it isn't. In this context I actually applaud Cisco. It's not unlimited, it's now limited by your reporting chain rather than having an agreed to value.
That they don't have to give you.
That if they fire you or lay you off they don't pay anything for.
That if you "save" is worthless if you leave for any reason.
They they admit to being a cost savings, so if they're spending less money because of it, where do you think that money comes from?
PTO is now VTO or Vacation Time Off. Cisco can't be like every other company and call it "Unlimited" PTO.
They're moving to a non-accrued time off system so that they don't have to force us to use PTO at year-end to reduce their liability on the books for too much employee unused PTO. We will no long get paid for our unused PTO when we're LR'd.
I missed it. what happened to PTO