- Joined
- Feb 16, 2016
Anecdotally, one company I worked for was on a knife-edge of bankruptcy based entirely on whether a senior employee with too much PTO banked, quit.The problem with that is, on the books, that was considered time(money) owed to an employee and if they didn't take all the PTO allotted to them by the end of the year, it really fucked with the company's financials. Many companies tried to implement a "use it or lose it" policy, but that wouldn't always be enforceable depending on the state or country the employee was in.

Unlimited PTO, or "No PTO" as I call it, is one of the most brilliant accounting tricks ever conceived of to keep books solvent 100% to the benefit of employers while sounding amazing to employees.
For a company like Honeycomb which isn't exactly solvent without VC funding, it's a no brainer, but realistically it's a no brainer in general if you run a business with employees.