Is it worth taking a PTO?
Mrs. Bee was not feeling well yesterday and had to dip into the PTO jar for a day off from work. I realized my action cost me a few hundred dollars. Was it worth losing out on $260.66 by not going to work? It sure felt nice lounging around the house in my PJs especially being sick, but I felt somewhat guilty to lose out on this chunk of money. Perhaps I could have toughed out the 8 long miserable hours at work. Anyhow, I understand it's not all a lost since PTO days are designed for employees to take. My workplace dishes out 25DOP on the 1st calendar day of the year. If my company would have gone with the accrual system, I would slowly accumulate 2.083/DOP per month instead of all 25 days at once. Therefore, this program is very appealing.
I did an analysis which assumes that in a perfect world where sickdays nor vacation time was taken, I would have accumulated 125DOP during my 5 year tenure at work. If I decide to quit my company today, they would owe me $33,000. Now let's assume if I didn't leave the company today and my salary increases over time, that means my company would have to pay me for the unused PTO days multiply by the salary I'm making at that time. This translates into even more money. But is forgoing 5 years worth of vacation time and other paid time off worth the $33,000 or even more in the future?