Unlimited PTO: Great For Certain Companies
Beyond the holidays, now may be a good time to clarify your overall policy for time off. For smaller companies made up only of exempt employees (salaried folks not eligible for overtime), the obvious choice nowadays is to start with “unlimited” Paid Time Off. The upside is that this sounds good to recruits and it saves you a bunch of hassle and expense. The downside is that it can be confusing for folks to understand what’s considered acceptable: one person leaves for three weeks in Patagonia while the next is terrified to take off a single Friday. Of course, founders can mitigate this by setting clear expectations around norms for when and how to request time off.