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Why this employer eliminated its unlimited PTO policy.

Howdy, friends! “Tumble out of bed, and I stumble to the kitchen, pour myself a cup of ambition, and yawn and stretch and try to come to life” is how Dolly Parton—who we’re wishing a speedy recovery from “health concerns” hampering her forthcoming Las Vegas shows—got going back when the queen of country lived that 9-to-5 life. But for you, instead of a cup of ambition, we brewed the latest HR headlines to help you come to life. Keep readin’!

In today’s edition:

The limit does not exist

Helping hand(s)

Pivotal investment

—Mikaela Cohen, Adam DeRose, Kristen Parisi

TOTAL REWARDS

illustration of post it that reads out of office

Chrupka/Getty Images

Love it or hate it, everyone in HR has an opinion on unlimited paid time off.

Just 7% of US companies offer unlimited PTO, the Wall Street Journal reported. And 30% of private employers that don’t, instead offer their employees an average of 10–14 PTO days a year after one year on the job, according to 2024 data from the Bureau of Labor Statistics. Employees with unlimited PTO take an average of 16 days off annually, a 2024 SHRM survey found, while those afforded a specific number of days take an average of 14.

Some HR pros have said that unlimited PTO policies can be vague, which can lead to over and underutilization of the benefit. The latter can lead to higher rates of employee burnout.

That was the case at Bolt. Its CEO, Ryan Breslow, posted on LinkedIn in July that the fintech company “killed unlimited PTO” because “it’s totally broken.”

For more on why Bolt eliminated its unlimited PTO policy, keep reading here.—MC

From The Crew

TECH

person picking a character from a mass of figures

Ivan-Balvan/Getty Images

Indeed this week released two new AI agents in an effort to aid both sides of the ever-evolving hiring process.

At Indeed’s FutureWorks conference in New Orleans, Louisiana this week, the online jobs and hiring platform announced the full release of its Career Scout and previewed Talent Scout, which is set for public release later this year.

“The hiring process is filled with really mundane tasks that prevent people from getting in rooms with each other, which is where the actual magic of hiring happens,” said Heidi Laki, Indeed’s senior product director. “How do we take out all of that toil so that you can do the thing that you actually want to do, which is put humans together in rooms.”

For more on Indeed’s new AI agents, keep reading here.—AD

Together With Gallagher

DEI

A sign that says 'Close The Pay Gap' is held by Nancy Reichman, a member of Colorado's Pay Equity Commission, during a rally in downtown Denver, CO on April 28, 2009.

Craig F. Walker/Getty Images

Melinda French Gates is committed to spending as much money as possible on women’s advancement, and her organization’s latest partnership is yet another example of this work.

French Gates’ philanthropic consortium, Pivotal, has teamed up with global innovation nonprofit the Aspen Institute for the Workplace Innovation Now (WIN) Challenge, according to a Sept. 26 announcement.

The competition is a $60 million grant that challenges nonprofits and coalitions to develop solutions to the barriers that women face in the workplace. It will run over the course of the next year and will issue funds to up to eight grantees in three focus areas: culture and practices, AI, and narrative, or in other words, initiatives that challenge what it means for women to be successful in the workplace, to include solutions like “mitigating bias.”

For more on the partnership, keep reading here.—KP

Together With Deel

WORK PERKS

A desktop computer plugged into a green couch.

Francis Scialabba

Today’s top HR reads.

Stat: The majority (88%) of CHROs say their role in the C-suite has gained more importance as common HR responsibilities, like attracting top talent and boosting productivity, become key business priorities. (HR Leader)

Quote: “Some of you may have started your tour with this company expecting an ‘employment deal’ rooted in loyalty. We have consciously shifted away from some of these elements.”—AT&T CEO John Stankey in an “unusually blunt” company-wide memo on the changing employer-employee relationship, as companies eschew loyalty to their people amid the hunt for quarterly profits (Business Insider)

Read: Meta this month launched a new super PAC aimed at curbing strict AI regulations as lawmakers in Washington attempt to catch up to states and other agencies and regulate the new technology making its way into American businesses. (Axios)

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