55 employees reported this benefit
Company offers Flexible time off
Best thing about the vacation and paid time off is that they went to a new system where employees take whatever time they and their manager agree is appropriate during the course of the year. I believe it’s called flex time
Flexible time off is great as there is theoretically no cap on time off, but that also means there is no pay out if vacation is not used.
It's flexible, in that you can negotiate amount and timing with your boss, but most people forget to take it.
The best things about that
The old Silicon Valley "Unlimited" scam. Good luck ever using it. It's just a way to get them to not have to pay it out to you when you leave.
they use flexible time off system, as long as the manager approves, you'll get days off
The best thing about the vacation and paid time off is that it's 'free,' and it's not accrued. Just arrange the time off with your manager -- whenever. The worst aspect of this is obviously that 'free' time off (FTO) is NOT accrued, so if you don't use it, you simply lose it. Unlike accrued time off, with FTO, you don't accrue a balance, so if you leave the company without having taken your 'vacation,' you don't get paid for what you don't accrue, so the company owes you nothing -- haha! I prefer FTO, as it's much more generous in terms of TIME you can actually arrange to take off -- with your manager's approval -- than PTO, which typically offers only 2-3 weeks/year.
Flexible time off that I use
unlimited....so long as you have all your work done...which means...never