I'm not on the "unlimited vacation" system, but I've heard that companies like this because you can still stop employees from taking any more days than they did before (by guilt trips or just not approving days off), and if someone quits they don't have to pay out unused accrued vacation time.
So if you ever quit a job with "unlimited vacation," be sure you've taken more vacation than you would have accrued on a traditional system? Otherwise they're screwing everybody and getting away with it.
On that same note you should always take "personal days", "flex days", "personal choice holidays" before ever taking a vacation day. Most companies will not pay you for those days if you leave so use them before vacation days.
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I'm not on the "unlimited vacation" system, but I've heard that companies like this because you can still stop employees from taking any more days than they did before (by guilt trips or just not approving days off), and if someone quits they don't have to pay out unused accrued vacation time.
So if you ever quit a job with "unlimited vacation," be sure you've taken more vacation than you would have accrued on a traditional system? Otherwise they're screwing everybody and getting away with it.
On that same note you should always take "personal days", "flex days", "personal choice holidays" before ever taking a vacation day. Most companies will not pay you for those days if you leave so use them before vacation days.