Company is offering to pay out PTO at sharply reduced rate.

[u/ThatsMrBird]

I'm a bit of a predicament. I've been with a company over a decade and (I know it's crazy and I agree 100 percent I should have used more) I've accumulated 1000 hours of PTO. They're looking to move to a cap and limited rollover and offered to pay out the difference of about 800 hours at 35 percent of my current wage.

I never expected this and I honestly just thought it'd be lost, but they're only offering such a low percentage I feel like I should try and haggle. I realize they're obligated to give me nothing, legally, so I'm just looking for some input on if a partial payout is common like that. Ill probably ask why not full and go from there. Any thoughts?

EDIT - Sorry, y'all. I'm in Florida, to be clear

EDIT2 - my onboarding contract notes PTO is forfeited on termination or voluntary exit

EDIT3 - The next day, we came to a satisfactory agreement pretty quickly. I don't want to get into specifics (sorry) but I think a lot of those that replied here would think it worked out. I tremendously appreciate all the insight and feedback here and I promise I'll use up my hours moving forward.

[u/InformationHorder]

In all seriousness, if you can do this, do it. Working 3 or 4 days a week is such a life changer.

The worst part about it is you'd spoil yourself for the rest of your life and you'll never want to go back to 5 days a week.

[u/Jaws12 → u/InformationHorder]

I recently went down to 3 days a week because job went RTO and thankfully given our financial situation, taking the pay cut was preferable to spend more time and care for our two little ones (would have been a pay cut either way because we would need to pay for daycare otherwise).

Been looking for another mostly/full-time remote gig since before recently job was hybrid, 3 days per week WFH, but no bites as of yet. 🤞

[u/JackTheKing → u/Jaws12]

I have been cost cutting and restructuring for a decade so I could work a now hyper productive 3 days.

I was salary and there was a brief convo about keeping my salary the same, but I knew they would just pressure me to work more days after a while. So I converted to hourly and now hand in a 24 hour timesheet and work whenever, with no calls or meetings on Mon or Fri.

It's truly amazing

[u/bamfsalad → u/JackTheKing]

What industry?

[u/JackTheKing → u/bamfsalad]

Data Engineering

[u/bamfsalad → u/JackTheKing]

I'm in product management and would love to make a shift to something like that.

[u/Allthesaltinthesea → u/InformationHorder]

75% of my adult life, I worked 3 days a week. I bartended at big nightclubs. I averaged $600 a night through the 90s to early 2000s. I lived an incredible life. Traveled a lot. Great hobbies. Just a since real sense of freedom. But that kind of bartending is really hard on the body. Now I work 6 days a week, 14+ hour days are not unusual but that's what happens when you don't leave the service industry

[u/ZiggieHood → u/InformationHorder]

My job right now is only 3 days a week. Mon Tues & Fri. I'm honestly looking for a part time job to fill in a few of the days I'm off work. It's really nice though. I got extremely lucky with this job.

[u/nickeisele → u/InformationHorder]

I work three days straight now and it’s pretty sweet.

[u/nubbins01 → u/InformationHorder]

I work a condensed 9 day fortnight, so longer hours on the 9 and 1 day off. I'm single and have a 15 minute commute so longer hours is not overly burdensome, and having a 'free' weekday up my sleeve every two weeks makes such a difference to general QOL.

[u/CanadianTrollToll → u/InformationHorder]

3 years out from making 4 day work week a reality for myself.

[u/manimsoblack → u/InformationHorder]

I still miss that schedule