Originally Posted by in stitches
a mix is basicaly they say you get x days, use em how you want, but if you waste em you get screwed if you get sick. by screwed i mean you cant be forced to work, but you wont get paid. you may need a doctors note though to avoid any kind of trouble depending on how big a douche your boss is
A lot of companies are switching to the PTO model like this.
It is good because it gives an incentive for good health in exchange for more vacation. You don't get people abusing sick day policies and for people like me who are rarely sick, you get more vacation.
It is bad because it provides an incentive to come into the office when you are sick and infect your coworkers...employers have learned that they need to be a little stern about sending sick employees home. It also sucks because if you are sick a lot (maybe you have frequent doctor visits that eat up a half day here and there) or you get a surprise sickness that knocks you out for a week, it can screw up vacation plans that you have already made.
One other benefit to the employee of having all PTO is that if you quit/are fired, it gets paid out as opposed to only getting paid out for vacation even if you had 10 sick days left. Of course this varies...in IL it is mandatory to pay out any earned vacation time (I had to sign a form last year giving my firm explicit permission *not* to cash me out when they changed which subsidiary LLC was cutting the paychecks since it was technically a change in employers).