Subj : Re: HAPPY TRANSGENDER DAY
To : Digital Man
From : Nightfox
Date : Thu Apr 11 2024 12:40 pm
Re: Re: HAPPY TRANSGENDER DAY
By: Digital Man to Nightfox on Thu Apr 11 2024 10:59 am
DM> I assume they'r referring to what companies are calling "flex PTO" or
DM> "unlimited PTO". Netflix started this trend about 10 years ago where they
DM> don't have to carry the vacation pay "debt" to employees on their balance
DM> sheets (and thus can report more favorable financials in shareholder
DM> meetings, SEC reports, etc.) - if an employee leaves the company for any
DM> reason, the companies doesn't owe them any "vacation pay". But the time
DM> they do take off, is indeed paid, and it can't have a specfied "limit"
DM> (e.g. 2 weeks a year or whatever) and there's no accrual period (a new
DM> hire can immediately take PTO).
DM> I was at Broadcom when they switched from traditional vacation to (what
DM> they called) "unlimited vacation", at which time they "paid out" to all
DM> employees that had vacation balances. So that was a nice financial
DM> surprise. But after that, most employees took about the same or less
DM> vacation as they did previously and were not compensated for the
DM> additional "unused" vacation days. So it's a bit of a financial and
DM> psychological game.
Ah, I've heard about that. It does seem like a bit of a game.. One more thing to benefit the company and not the people who work for them.
Nightfox
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