The OP as specified is just impossible to answer. How much PTO? And what is the hourly pay rate? Those two are the bare minimum for comparing the relative values of the two.
$10,000 would be a pretty good bump in pay, but I’d rather have the PTO (you didn’t say how much, but I’m thinking no less than three weeks minimum). I have a wife, outside interests, and two kids who are not going to be 9 and 11 forever. Giving that up my time with them is not worth any pay increase.
$10K is less the value of my PTO right now, so there aren’t enough poll choices.
I chose 10,000 but my PTO is actually worth about 20,000.
So, contract employee or full time employee?
I value my time spent with family and friends far more than working for a paycheck. I make decent money right now. I already have two weeks vacation each year, plus two “personal days” and a pretty large amount of sick days. But I’d still take a $10k-$15k pay cut to work, say, three days a week, or have 5 hour workdays. This calculus would certainly change if my family was struggling to keep a roof over our head or buy groceries. But right now I’d give up restaurant meals and concerts (and other discretionary spending) to have a four day weekend every single week.
I’d say $20K, given that there would no other repercussions for taking time off. Poll doesnt go that high.
Holidays off but no vacation I can plan? I would want enough to be able to retire in two years. An extra million USD should cover it.
Never occurred to me, since my PTO is mandatory, set by labour standards laws.
I’d take less money to work fewer hours, but you couldn’t pay me to give up my PTO.
This is true, but at the same time you can compare the two by dollar value. How much do you make per day? Then how much more I’d want to get paid at the no PTO place is going to correspond with how many (unpaid) days off I’ll want. If my base income amounts to $500 per day and I want a bank of 4 weeks / 20 days combined holidays, sick leave, vacation, and personal time, then what it will take to woo me over is an additional $500 x 20, or $10k per year.
Because fuck no I’m not going to run myself into the ground for any employer. I’ll be taking the time off anyway, and I don’t want to ultimately be penalized for being human and having a life outside of work.
But ultimately, I’d have serious questions about how well the employer values its people. Refusing to give basic benefits says they don’t value them much. I’d strongly suspect them of being a shitty place to work, which would be a much bigger factor in my decision-making than whether or not I could make my own bank of time off without actually incurring a financial penalty – that’s easily done (and hey, no use-it-or-lose-it, so I might have some extra cash in the end). In my experience, not offering benefits correlates strongly with bosses who micromanage, over-promise to clients, don’t understand the limits of technology/reality, fail to follow through, and expect their underlings to clean up the messes they made. These are the bosses who bounce paychecks, fire you for [del]going to chemotherapy for one day every other week[/del] “not being in the office enough,” offer $10k pay cuts (and no benefits, plus a longer work schedule) as an “incentive” to join them full-time, and publicly lay blame on you when their mistake comes to light in front of the other manager. (Yes, all of those things really happened.)
You get vacation but you don’t get paid for it.