JimmyArtnull

Damn, a lot of people getting screwed here.

I work in the financial tech space and get 20 days holiday + 10 days federal + 5 days sick (NYC min by law)

I don't tend to take the sick days so basically get the UK equivalent of 4 weeks + bank holidays, which admittedly is 8 days less than what I got in my UK office before moving here.

BigT103

That sounds good, so would the financial tech space fall under IT?

Caroline in Arizona

I occasionally went negative with my PTO (Paid Time Off) much to the amazement of my colleagues many of whom never took more than a few days off work for a break. When I went negative the only stipulation was that I had to go positive with my PTO before taking more time off - I couldn’t go more negative. Before the company stipulated that no one could accrue more than 2 year’s worth of PTO they had a policy at the end of the calendar year where you could cash in PTO hours which many people did.

When our 3 boys were younger I would also request (and was never denied) a month of unpaid leave in the summer. I always thought it was better to ask and possibly be told no than not even try.

The company also adopted a policy where you could buy up to an additional 40 hours of PTO which was then taken out of your pay spread out over the year.

In my retirement speech last May I included a top-10 list of things I would miss/not miss about being in the workforce. One of the things I said I wouldn’t miss is keeping track of my PTO hours!

tom169

Makes sense given the markets are closed for the holidays.

mrken30

Last job started on 15 days vacation + 12 days holiday + 10 days sick, but no rollover. New job 25 days PTO, includes vacation, holidays, sick and short term disability, PTO rolls over each year.Old timers here, grand fathered in have 7 weeks PTO. My old job had a separate policy for short term disability.

Time off seems to vary a lot between companies. One company I almost worked for has 5 weeks vacation plus holidays starting

JimmyArtnull

Financial tech broadly means working in IT for banks/insurance type companies or as in my case, a company that provides IT/software services for those financial companies.

mrken30

Health Insurance in my case does not provide those kinds of benefits.

Anian

I started with the 10 standard days, but long term service has pushed it up to 20. We also get 13 industry days off, which includes xmas week. Vacation time is not negotiable at all with my employer, nor are any other benefits. We've lost a lot of employees over how bad the maternity/paternity leave is.

JimmyArtnull

Ah I forget that 'Insurance' has a different connotation over here, as I am learning with each bill that comes through. I should have said 'financial insurance'

excpomea

Love it, been here 18 years, same house, same job.

Jack8602

My company are good. I get 25 days + public holidays

Bob

Zero is the legal requirement, so it can be anything. Depends on seniority, sector and location.

One of my gigs offers 40 hours a quarter, but it's unpaid. The missus gets 6 weeks paid, but that's PTO to also be used as sick time, but it's a moot benefit as she can only roll a couple of weeks into the next year and is never able to take the time off and they don't have to pay it out in MA like they might in other states. She's also been there 10 years and it won't increase again till 20 years or VP level. New hires get 0 days till they've completed the 90 days probation and then it's 5 days in the first year for grunts on the ground, starts at 10 days for management level, increases 2-4 days on first year starting anniversary and that's it till year 5.

A friend said he started on 25 days, but they will never increase that and it's inclusive of sick days and public holidays and it's accrued, so he had to pay for his time off when he broke his arm skiing over the holidays as he'd not accrued enough time off.

mrken30

Quite a few CA based companies are moving to unlimited vacation policies. In other words, away from accrued vacation.

Bob

This is a weird one. It's a great paper benefit, but is it actually a good one?

Over the last few years, I've had a couple of mates go to companies that had the policy. One said that when lay off's were made, it was basically anyone who actually took off more than what they would have had before, so it actually discouraged people from taking time off. The other mate, no one took time off unless they had sick kids or waiting for a repair person and he was the odd exception to the rule who would take a couple of weeks off at a time.

mrken30

I think that is a fair description of the policy. It was basically down to manager's discretion. People did not take off any more time than they did under the old scheme. What did happen, was people used to get an extra week of vacation (5 weeks total) and $1000 bonus. That went as soon as my company switched.