It also alleviates the company from ever having to pay out unused vacation time. That is a disadvantage for the employee, but with a tremendous upside.
I also have unlimited PTO and I definitely prefer it. No more worrying about hours, rollover limits, accumulation rate, how far I can go negative, etc. No more wading through vacation schedules wondering if the office is open on New Years Eve.
Same thing with free lunches - yeah, of course it keeps people in the office and possibly causes them to subconsciously work longer. But also...I get a free freaking lunch and I don't have to worry about it.
Perhaps we're just completely opposite. When I have free lunch I just get fat. I also like to squeeze in a workout on my lunch break, and the quiet pressure to stay in the office and have your free lunch opposes that.
I also have unlimited PTO and I definitely prefer it. No more worrying about hours, rollover limits, accumulation rate, how far I can go negative, etc. No more wading through vacation schedules wondering if the office is open on New Years Eve.
Same thing with free lunches - yeah, of course it keeps people in the office and possibly causes them to subconsciously work longer. But also...I get a free freaking lunch and I don't have to worry about it.