How many companies offer unlimited PTO?

Currently, just 7% of companies in the States offer unlimited PTO, but demand for it is growing: In 2022, Glassdoor reported that mentions of "unlimited" leave policies in employee reviews were up 75% from pre-pandemic levels. Not only does the policy enable employees to attract top talent, but it also helps cut costs associated with unused vacation.

How much PTO do people usually get?

Prior research indicates that many workers do not fully utilize the vacation time offered by their employers. This trend is particularly evident in the United States, where almost 46% of employees do not use all their allocated paid time off. About two-thirds of participants in Bloomberg's survey reported receiving more than 20 paid vacation days per year from their employer. However, less than 40% of respondents actually took more than 20 days off. That doesn’t change with the introduction of unlimited PTO: When Bloomberg asked respondents how much leave they would take if they had an unlimited vacation, 41% said that they would take no more than 20 days of leave.

LeadershipVacation

Giving workers unlimited time off could help companies outperform the S&P 500, investors say

BYOrianna Rosa Royle

2 in 3 surveyed investors feel companies with unlimited vacation could beat the S&P 500.