The paid time off doesn't accrue nearly fast enough. If you need a week off, you're probably going to have to take unpaid time off, if you're lucky enough to have someone let you take it.
The time off is average for most companies
PTO is good. Takes a while to build up enough and then using it can be a hassle
It accrues slowly, you're forced to use it (you only get 5 unpaid days off a year), and should you leave with any accrued, you lose it.
You don't accrue PTO, you just work it out with your manager to take what you need. My experience is that this results in fewer vacation days. It's nice not to track your vacation time, or wait for it to accrue, but there is no chance of getting it paid out when you leave the company, and without a crazy-high number of accrued hours, there is nothing to point to to show you really deserve a vacation.
You had to earn your paid time off (which i'm sure is typical) and you didn't have much unpaid time off, so it was hard to go on vacation unless you had already worked a lot of hours for multiple months. Really depended on how lax your supervisor was.
Unlimited vacation is a great benefit. It's great to be able to take off time and not worry at all about your yearly vacation allowance.
You get paid while in vacations
I get to build my PTO and Vacation. I also work in a department that is very flexible.
No PTO or Vacation time. 1099 independent contractor