Thanks all for the replies. I don't expect my amount of vacation to change drastically. In the pandemic era it has mostly been a few long weekends, two weeks during the year, two weeks for Christmas/New Year holidays with a few random days for sick child or other commitments. Prior to the pandemic I would have more days mostly due to staying an extra day or two if work travel sent me somewhere fun. My skepticism is that most of the new hires may see this as a great benefit where I think it is mostly an accounting positive to the company. I can see this being a problem for end of year projects as usually everyone who has available vacation leaves mid-December. The office (and now remote office) is pretty sparse for two weeks and populated with new hires who did not have accrued time yet.
I have never been denied vacation at this company. However, there are a few weeks out of the year where most of the employees on certain projects know they better have a good reason for vacation. I know of a few people that left under the old policy and used the vacation payout as a reason to delay starting the new position a week or moving expenses if needed.
A few specific replies:
troph- Culture is already "work as you need and be available for meetings during business hours". For me this usually means working a few hours at home during the week and leaving a little early on days where there are no late afternoon meetings. My manager doesn't care if I leave early and I don't care if my direct reports leave early. I live in PA so will have to look up the laws when I see the offer. I'll probably end up taking the buyout but would like to know the options.
Nice Guy Eddie- There is some language around not being able to schedule recurring vacation (no taking every Monday off, etc) and limiting the amount of consecutive vacation to a few weeks at a time. I'm not interested in pushing the envelope and I don't think we will have that many people trying to game the system; I realize I could be wrong.
slorch- I have been in a position previously where we either got a buyout or ~1 year to use the vacation balance. I had the same response as you; there was no way I could use all the time so I took that buyout. Sorry you did not have the option as that doesn't seem fair.
Muny_Tex- I live in one of the bigger metro areas in PA so housing is cheaper than Austin. I'm not sure how you want to define medium or high cost of living but we are probably somewhere in the middle portion of the scale. I don't think we had any silver bullets in terms of paying off our house. We moved from Texas to PA and bought a cheap starter house (a little less than 100k) and paid it off quickly. A few years later we decided we wanted to stick around PA a bit longer so we sold our starter house. Being that we had no note on the house we used that money for down payment and to start paying off the new house. Our current house cost 4-4.5x our starter house cost and has probably appreciated from that point. We plan to be in this house until we either move back to Texas or have a job opportunity we can't turn down in a different location. If we move to Texas we have land to build a house if needed but likely would not be near a desired job if one is still required. We had a 15 year note on the current house and paid it off in ~4 years. We paid extra almost every month as long as we contributed to retirement accounts and the emergency fund remained intact. Any work bonus had half go to the note with 50%- house note, 25%- brokerage account, 10%- spouse tax, 5%- child tax, 10%- fun money for me. We likely would have taken longer to pay off the house if the pandemic had not occurred. We did not travel much in 2020 and other than one long trip we stuck to fairly local trips in 2021. I'm looking forward to more travel this year.