[mcpherrinm]

"Unlimited Vacation" is sometimes used to mean "no vacation" or "very limited vacation". But I don't think that's actually the way many employers think about it.

It's more often a way to say "no accrued vacation". That's important in California, when you leave a job, your employer has to pay out unused and accrued vacation. That can be a big liability to keep on the books, so you can remove it with an unlimited vacation policy.

So it's just an accounting thing.

[bbcbasic]

Just a fuck over the employee for 4% of their earnings thing.

[Declanomous]

Pretty much this. I always keep about 7 days of vacation banked as a insurance policy. One of my friends was laid off with about half his company, and everyone got "paid through the end of the week." He had a 5 day vacation planned the next week, and they weren't going to pay him for the vacation he had notified them of months in advance. I have an emergency fund, but I'd prefer to save that money and get an actual paycheck if anything happens.

On top of that, banked vacation is a way to have some funemployment if you get an extra week between leaving on job and starting another. It's basically like taking a vacation anyways.