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Unlimited PTO: A better deal for employers than workers?

  • August 21, 2023
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The concept of unlimited PTO is not altogether new. But according to some reports, it is enjoying somewhat of a post-COVID resurgence.

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Bank of America’s Mid-Sized Business Owner report, for example, found that nearly 40% of mid-sized businesses are meeting today’s recruiting and retention challenges by increasing vacation and paid time off—benefits that topped offerings like cost-of-living bonuses, enhanced healthcare benefits and improved retirement packages. When upping PTO and other related benefits, a significant amount (78%) of mid-sized businesses surveyed reported a boost in employee morale and retention rates.

However, the long-term impact of completely unlimited PTO—offered by

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HR Executive, News

Tagged benefits trends 2023, Employee Benefits, paid leave, paid time off, Peter Cappelli, shared, Unlimited PTO, Work-Life Balance

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