Quote:
Originally Posted by gnomatic
My current job has this, as do other tech startups in San Francisco.
It's never been an issue for us. We all check with the other team leads to give them the heads up (it is not asking permission, it's just make sure there are no deadlines we weren't aware of) before committing to vacation plans. We all know who is on vacation because communicating with each other is the norm. We are all responsible people, and made sure nothing gets "dropped" when we are away by planning ahead.
Some companies advertises it as a "perk", my company doesn't. It was done mostly because it was one less thing to keep track of.
For me, it was pretty much the same as my previous job where PTO is tracked. It did come in handy when I first joined, I already had a week of vacation planned (and tickets bought). I would not have had enough paid vacation days for it after only 1 month. I do feel more freedom and flexibility in planning my vacations and days off. The only disadvantage would be if I leave the company, there would be no "unused PTO payout" (required in California).
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This. I think this policy can work great if the company has enough employees and more importantly hires the right kind of people. Of course it wouldn't work for certain types of jobs. Seems like it would simplify things for everyone involved...employee, his boss, HR, accountants. One less thing to keep documented track of. It is an accounting trick in a way.
Competition for GOOD talent in the tech industry is pretty fierce, and companies resort to things like this to help attract and retain such talent.