118 employees reported this benefit
In November 2015, we became the first public accounting firm to offer a flexible time off policy, instead of a predetermined number of paid time off days. Employees no longer need to deplete their PTO bank to take a special trip or to take care of family obligations.
“Our goal is to further enhance our culture of trust, where employees are empowered to manage their own time, which allows them to return to work refreshed, with better ideas and solutions for clients,” says Pamela Harless, chief People & Culture officer.
It is nice to have as many days off as you need, however, not all vacation time gets approved and this system creates an awkward situation where you feel obligated not to take time off.
"Unlimited" time off for every employee - the approval process is a logistical nightmare for everyone. Much longer process of getting your days requested approved.
Unlimited time off but not too many people use this perk.
No balance, and can't lose days. Have to work around an approval system, but still great to have.
The PTO/FTO is an unlimited program
Grant Thornton has transitioned to FTO. There have been mixed reviews among the employees. Most dislike it and miss their defined days. However, it is a big advantage if your contract permits you to burn at a higher rate and take time off during lulls.
They call it a "Flexible Time Off". Nothing flexible about it. You have to get approval several weeks in advance and justify your the time. Enough paperwork and approvals to make you just say no thanks, I guess I'll work. Top it off, there is no vacation accrual so if you leave there is not vacation payoff. Worst vacation policy I've ever dealt with and I've been in workforce over 20 years. To add insult to it, they say its so you can "bring your whole self to work", which appears to be code for "we own you"
The FTO request form requires you to produce a plan for how you will make up the time you have taken. This is not time off, this is time deferred. I preferred having the control of my life, with the FTO policy I am unable to ensure I will ever take a vacation again. Poorly thought out policy, not an incentive to working at this company.
The "flexible time off" policy is a scam. GT advertises that they offer "unlimited time off," but don't be fooled. You need partner approval to take more than 5 days, and the utilization targets are so high that you can't really take any time off. Firm holidays count against your utilization, so even if you take NO time off, you are still starting from behind.
Don't be fooled. Senior leaders are still tracking time off and if you have taken more than "normal" you will be talked to.