Bolt has terminated its unlimited PTO policy, citing that it led to burnout among high performers and overuse by lower performers. CEO Ryan Breslow indicated that such a flexible policy sounded progressive but was ultimately ineffective, as A-performers were not taking enough time off while 'B performers' were taking excessive time away. To counteract this negative impact, Bolt has implemented a standard of four weeks of mandatory paid vacation for all employees, aiming to provide clear and fair time-off benefits that protect employee well-being.
"We just killed unlimited PTO at Bolt," its founder and CEO, Ryan Breslow has just revealed on LinkedIn. "It sounds progressive, but it's totally broken. When time off is undefined, the good ones don't take PTO. The bad ones take too much."
"This leads to A-performer burnout. B-performer luxuries. And feelings of unfairness across the board," the millennial boss explained.
"So we're flipping the script: no more confusion. Every Bolter now gets four weeks of paid vacation (yes, the traditional corporate standard), with the opportunity to accrue more with tenure. Not optional," Breslow added.
"We believe a team executing at the pace and scale we do deserves real, protected time off, not vague promises," a Bolt spokesperson echoed in a statement to Fortune.
Collection
[
|
...
]