• Grant Thornton Making Some Tweaks to Its Unlimited PTO Policy

    By | April 4, 2017

    Last time we checked on Grant Thornton’s unlimited PTO policy, we learned that it was having at least one desired effect: people were taking more time off. The median number of PTO days taken jumped from 17.4 to 19.1.

    However, the comments from that article suggested that things were getting a bit out of hand. Here’s one example:

    The problem is that some people (namely the underperforming tools who no one wants on their job and thus sit unassigned in summer) took too much time off pre busy season and then continued their greed streak into the summer (peak unassigned time), jeopardizing their chargeable hour goals. Now our “market territory” is extremely concerned with everyone hitting their chargeable hour goals and scheduling PTO has become worse than trying to order deli meat in the grocery store.

    The missing-chargeable-hour-goal problems seems to have been one of the unintended consequences of this policy.  And it’s enough of a problem that the firm has decided to make a few “refinements.” A GT insider has shared the following internal message with Going Concern:

    Grant-Thornton-unlimited-PTO

    One item also worth noting is the “Appreciation Days.” Another comment from the previous post suggested that the Appreciation Days were included in GT’s calculation of the flexible time off, therefore inflating the statistics. Now that Appreciation Days are no longer a thing, it’ll be interesting to see if the number of days taken will keep pace.

    With busy season edging to a close, hopefully all you GT Career Captains can make the necessary adjustments.

    Reactions are welcome.

    Earlier:
    Grant Thornton: New Unlimited PTO Policy Not Designed to Get People to Take Less Vacation
    Grant Thornton Should Pay Its People to Take Vacation

    Image: Raysonho /Wikimedia Commons

    • LeftShark Consultant

      Showing once again, “unlimited PTO” is very limited.

    • Big4Veteran

      Here’s the reality. The conflict between master and servant, employer and employee, is the longest ongoing war in the history of humanity. In our modern economy, the employer tries to maximize profits by squeezing every last ounce of work out of each employee. And the employee tries to get paid as much as possible (both in salary and perks) while doing as little work as possible.

      I don’t buy for a second that GT implemented this policy out of the goodness of their hearts. And I am not the slightest bit surprised that employees of GT have abused the new policy.

    • sludgemonkey

      I am sure the GT men in purple hope to do better than the Minnesota Vikings, but probably won’t. Wonder what chipman69 has on the topic?

    • Chipman69

      It’s no surprise that GT’s DYNAMIC unlimited PTO policy has been penetrated and abused by NONDYNAMIC professionals with their WHOLE SELVES!!!! Instead of telling these clowns that they’re CAPTAINS OF THEIR CAREER, GT should tell them to penetrate a new firm with their WHOLE SELVES as a CHOSEN MARKET LIKE like the Really Sad Masturbators, where their lack of an INSTINCT FOR GROWTH will thrive!!!!!

      • sludgemonkey

        I met a woman from RSM last week. She was polite, articulate and I wondered why she worked there. Any thoughts?

        • sludgemonkey

          And she was piping hot for a 45 year old–my guess at her age.

        • Chipman69

          Sometimes there is a Really Sad Masturbator that turns out to be a DYNAMIC professional, with the INSTINCT FOR GROWTH necessary to thrust their WHOLE SELVES and penetrate new CHOSEN MARKETS!!!! It is GTs job to snatch up this rare and DYNAMIC Really Sad Masturbator!!!!!

          • sludgemonkey

            I suspect snatch is the operative verb, or descriptive pronoun, in this case.

      • keepin_it_real

        New buzzword phrase worked in. Nice!

    • KM

      They’re getting rid of appreciation days but will still expect people to take time off around the holidays. I still think the median number of days taken decreases.

    • Unbalanced14

      The unlimited FTO policy is legitimately a joke. It is driving everyone in our market territory nuts. It was nice when it first came out, but a couple people abused it an ruined it for everyone. There is now a huge focus on meeting your charge hours goals and PTO taken is apparently a regular input into performance discussions. It is silly.

      The worst part is the partners act like they are doing everyone a favor. WE all know it was done to keep money in the partners pockets. It feels like it is not the employees time to take anymore, but the firms.

      In all honesty, why does it matter how much vacation anyone takes if they get their work done?

      • Scharfinator

        Because you could be doing more work rather than take the time off that you worked so hard for! Partner101!