That’s more generous than in the US.
My son recently graduated college and his PTO plan is 8 holidays (NYD, MD, 4thJ, LD, Thanksx2, Christmas x2) and he accrues 2 hours per week of PTO. Which means in 52 weeks, he accrues 104 hours or 13 PTO days. He has to work 20 weeks to accrue enough for a week off. And it’s 21 days total.
That feels criminally low, even for the US
Maybe I’ve just been spoiled this whole time
It’s more that I got to start my career, which was 10 days in years 1 thru 5 and 15 days per year after year 6.
When I started my first job out of school at a VERY LARGE, well known insurance company, I started in January, as I had graduated college in December, a semester early.
Their rule was you earned vacation time in year X, and took it in year X+1. I worked 15 whole months without a vacation day, although I got 3 personal floating holidays in that first year. Good Hands, my ass.
When I left that employer, I had accrued almost 3 weeks of vacation time which I got paid for.
I got ten days at my first job but just year one, after that it was 15. Second job started at 15 and by year five it was 20 days. Current employer started me at 22 or 23, can’t recall exactly.
Haha! Love the little reference
https://www.allstate.jobs/benefits/
It looks like Allstate offers new employees 20 PTO days plus 9 holidays now
I think PTO policies have gotten significantly more competitive in the past 20-30 years. In the 90s it was pretty standard to start people out with 2 weeks vacation and 1 week of sick leave plus one or two more personal days/floating holidays
I think the major difference now is that many companies do not pay out for accrued time off to ease the financial liability of the benefit
At my company I have 28 + 11 holidays = 39 total.
That is pretty, pretty good
How many pto days to new hires get? (Just curious what I’m missing out on)
Wow, that’s solid. Not as solid as the 365 days of PTO you’re about to have, but that’s a lot of time off.
Depending on how days fall, I think we get about 17 company paid days off plus unlimited PTO.
I get 366 days in 2024!
I looked up my time off from when I was first hired, and I got 10 days PTO, 4 days personal time, 8 company holidays, and 5 days of sick time. The sick time rolled over, nothing else did.
After five years, it increased to 15 days PTO and 6 personal days, because we lost 2 company holidays that year.
You in the US?
I’ll have around 45 days total (with holidays) once i max out, and could buy more if needed. I’m sure we will change our policy and that won’t ultimately happen.
Yes, yes I am.
was it the 17 holidays or the unlimited PTO that made you ask?
17 holidays is likely it. I mean, that has to include everything!
unlimited PTO is a new scam. depends on mgr approval and still performing. basically, it has to get throttled back bc otherwise someone would be working like 1 day a week and ruining it. but it mainly exists so companies don’t have to track annually or accrual and don’t have to pay out balances upon separation. it sounds amazing - i just don’t know how to make it work for me.
Yep, unlimited PTO is a complete scam. The only people who take more under that system than they did at a prior company are the underperformers, because PTO is absolutely tracked and it goes noticed when you take more than the amount the company deems appropriate.
Agreed. I like having days that i don’t have to ever feel bad about taking… subject to a few busy times of the year that are easy enough to avoid. I get more days than i ever need, and usually burn random days throughout the year just because.
Unlimited pto would kill that. If my company changes to that, I’ll still take my alloted days each year based on the current system…
My partner works at a carrier that ostensibly offers unlimited PTO for mental health days. And my partner will take one or two per year when they feel especially stressed, usually when it’s been a couple weeks of obligations every evening and weekend.
Also, the company recently eliminated paid lunches (extending every workday by 1/2 hour), began requiring some salaried employees to clock in and out for work/lunch/breaks, and is tracking cursor activity to ensure butts in seats.
Yeah I feel like only companies that have a week of shutdown time between Christmas and new years have 15+ paid holidays
Not too many of those in the insurance carrier space. Saddie
We get two paid weeks off.