40 employees reported this benefit
PTO accrues pretty quickly, and if you work there for over a year, you can save up to two weeks, which is nice. You can also go into the negative by 1 week, so if you wanted a really long vacation, that could be a possibility, though that negative rolls over.
PTO prior to 2017 was 2 weeks of sick and 2 weeks of vacation. As of Jan 2017, the PTO was amalgamated into a one PTO "pot" of 3 weeks to use for any out of office time (either sick or vacation). HR offered a rationale that people were either not using their full sick 2 weeks and that some were "cheating" using sick time as vacation. They chopped it down a week with no employee input.
15-20 days vacation/time off with about 10 holidays, so a month out of the year off at this company. Not too shabby.
Use it or Loose it
Previously you could bank up to double your annual vacation accrual and could take sick time as needed. Now your vacation expires on 12/31 with the exception of 40hrs (at manager's discretion) that can carry to 1/31. You now only get three sick days and then must use your vacation days.
Long term employees feeling most affected by the policy change, some forced to use leave or be placed in a overbalance condition and no longer accrue earned hours. Hourly employees lose sick hours after policy kicks in. Some employees in Texas will lose earned hours and may not be able to use due to regular business needs.