It sounds like a dream.
Take time off work whenever you need it.
But how does unlimited PTO work?
More and more job descriptions boast unlimited paid time off (PTO)as a benefit.
Sick days, vacation, bereavement and other leave types are all lumped into one bucket.
Theres no cap on the number of PTO days you’ve got the option to take.
If unlimited paid time off sounds too good to be true, it sort of is.
Keep in mind, your work still needs to be done.
Unlimited PTO is not limitless.
There are some limits, and there are some exceptions.
Just because its an unlimited amount doesnt mean every request will be accepted.
Employers need to consider their staffing needs.
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Its really up to the employer if they want to track it or not.
One way to find out what the unlimited PTO policy means at your company is to ask others.
Find out what time they take and if managers and supervisors encourage people to take paid time off.
Even if the policy is unlimited PTO, employees should be given a written policy.
That can make people feel like they cant request again, Peterson said.
I can take a vacation.
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Rachel Christian, aCertified Educator in Personal Finance and a senior writer for The Penny Hoarder,contributed.
