Need a vacation? These 8 companies offer unlimited PTO

July 7, 2021 4:11 PM

As the dog days of summer set in, employers should make sure their workers aren’t sliding into a summer slump.

Some companies are ahead of the curve by offering unlimited paid time off to their employees, an appealing benefit that will help organizations attract top talent and keep their current workforce refreshed and rejuvenated.

While unlimited PTO is an in-demand perk, getting employees to take advantage is a different story. Even at pre-pandemic levels, just half of all available PTO was usedby employees. This has only been exacerbated throughout the pandemic, as employees are routinely staying home, working longer hours and suffering from high rates of burnout and stress.

“People are really emotional about not being able to take trips and use their vacation the way they want — it’s causing a sense of disenfranchisement,” said Jackie Reinberg, national practice leader of absence management at Willis Towers Watson, an advisory firm. “It’s really important for their overall well-being to take that time to recharge.”

To boost workplace morale and encourage healthy work-life balance, these 8 companies are currently offering unlimited PTO.

1. Netflix

The company’s “No Vacation Policy” allows employees the autonomy of deciding when to work and when to take a break. Netflix CEO Reed Hastings

said in his book

"No Rules Rules" that employee achievements, not how many hours worked, is what matters the most.

2. Sony Electronics

As the company says they are dependent on their employees’ objectives and revolutionary ideas, Sony finds it imperative that their employees utilize their unlimited PTO policy in order to remain refreshed to keep their ideas consistent.

3. Grubhub

In effect since 2015, Grubhub’s unlimited PTO allows them to show prospective employers that they are putting their workers first. According to their careers page, Grubhub says “we value and encourage having a good work/life balance and want to make sure that our employees have time away from work to relax and recharge.”

4. Evernote

Evernote touts their PTO policy as something that differentiates them amongst competition for talent. Not only do they offer unlimited PTO, but employers are given an annual vacation stipend of $1,000 per year, according to Glassdoor.

5. Roku

The streaming giant says employees rank their unlimited PTO as their second most important benefit, trailing only healthcare. Their benefits and PTO package estimate a monthly cash value of $1,500-2,500 per month.

6. VMWare

One of Silicon Valley’s premier software companies has a Non-Accrual Vacation (NAV) policy for all salaried employees. They request the time to be discussed in advance with employers so plans can be made while employees are out of office.

7. Oracle

Oracle’s salaried employees receive “flexible vacation” as the company calls it. The Texas-based company has flexible plans for salaried and hourly employees.

8. LinkedIn

LinkedIn tries to set a precedent for providing a sufficient work-life balance to their employees. Employees get unlimited vacation time, as well as 17 paid holidays per year and a paid company-wide week off in response to pandemic pressures, according to US News & World Report.