Will Employers Scale Back Perks Like Extra Time Off As The Economy Sours?

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As fears of an economic downturn spark hiring freezes, headcount cuts and rescinded job offers, some experts are starting to question whether all that unprecedented paid time off (PTO) generosity will remain.

. In response to the question, the employee said Zuckerberg “paused and mulled aloud about how to answer the question appropriately,” theDearborn says she’s hearing chatter among H.R. peers about how employers can ramp up productivity—which many see as harder to monitor as people work four-day weeks from their homes—as economic fears rise, whether through tightening extra time off or adding more tech to observe workers.

Most employers did not formally add such days to their PTO banks or benefit policies, Kropp says, in part because officially increasing the number of days off would add to employers’ financial liabilities, requiring them to carry over more unused days on their books or, in some cases, pay them out if employees leave their job before using them all.

“Once you’ve enjoyed these mental health days, these bonus days, these shutdowns, it’s going to feel like a takeaway regardless of how the employer positioned it. From the employee’s point of view, I had it—and now I don’t.”

 

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I have over 200 hours of accrued PTO from the pandemic that I can’t even use. I would much rather cash in that time for $$$, but that’s not an option.

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