Is Unlimited Paid Time Off A Trap?
Megan Reynolds

It’s a trap. Public companies don’t do anything to be nice, they only do things to increase shareholder value. FastCompany should have had an employee of that company write the article, not the CEO who essentially wrote an ad for his own company.

From the Washington Post: “When employers stop doling out a set amount of vacation days, they no longer have to pay out unused days if workers quit or get laid off from the company… Other research from USTA’s Project:Time Off initiative, conducted by the economic analysis firm Oxford Economics, looked at SEC filings for 114 public companies. It found that the average vacation liability per employee is $1,898, and that U.S. companies carried $65.6 billion in accrued paid time-off costs forward on their books last year.”

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