So instead of giving you your normal PTO bucket, such as 4 weeks a year or whatever, you can request anytime you want depending on business need. So in my opinion they are screwing you out of your vacation for those of us with high tenure. Potential is there for more time off than normal but if business need is great you may be barely getting any time off. no one seems to understand the new process.
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Don’t be mistaken - FTO only benefits SS&C, not it’s employees. Instead of managers seeing it as an opportunity to be more flexible with time off, it’s the exact opposite. Managers feel they have more pull to refuse time off now. The company doesn’t have to pay out vacation accruals for layoffs or if people quit. They also know the average person won’t take their full 6 weeks or 5 weeks, etc. We will be held accountable and scrutinized for every day off request now. Complete nightmare.
So happy I left 5 mos ago. Thats a scheduling nightmare & they will get less time off, as business need needs to be covered.
A lot of us not so lazy people still had a month or more days of PTO left to take before the new FTO policy was enacted. Don't know what group you work in but sounds like there are problems there!
I think lots of people do understand the new FTO policy. Especially the lazy ones who already took all of their pto. Because they are definitely taking more vacation for the rest of the year.
Some managers have no backbone and no clue what’s going on so they will approve the fto and the other staff will just have to pick up the slack.
This is the worst policy ever.
Sounds like a 3 ring circus over there! So glad im out!!
Longevity with the company no longer means anything regarding time off. It's up to the manager to approve so a new employee potentially could get the same amount of time off depending on the manager approvals. And, you don't accumulate any time off so if you haven't used much in a year and leave, there are no unpaid vacation days that are paid to you. Just a ploy to help SS&C's bottom line so that the PTO time no longer shows as a liability on the balance sheet.
Worse company I ever worked for. They did none of what was put in my offer letter.
The best thing you can do when you hear the name SS&C is run.
The best thing to do regarding this organization is get away from them as fast as you can. They will promise a lot but deliver nothing. Their reputation speaks for its self.
Its better to just sell your SS&C stock when you are awarded those RSU’s. You will never be paid any stock dividends from it no matter how much you own. Bill Stone and the board make sure your dividends are looped back into the company for them to do more acquisitions where they use stock manipulation tactics, pull all of the assets out of any company they acquire and lay off all the people. As a stock holder, you are never allowed to vote on any decisions they make or to acquire another company to rape.
Paying stock dividends to stock holders does not occur as well. Many managers, directors and employees are awarded stock as part of our compensation package. Bill Stone makes sure we are not paid our stock dividends as well. Those of us that have been awarded stock for our hard work are never paid any dividends from owning the stock. We own stock but “just own stock”. We never make anything off of it making the stock ownership basically worthless. Just more lies from SS&C.
SS&C s—s, its full of id–t managers and arrogant/lazy id–ts. People who can't carry their own weight, but get more clients, and people who actually work, get nothing. Work schedules are so unfair and keep lazy mo–ns on the job, because of seniority (fk seniority). FTO will enable lazy mo–ns to take even more time off. The same people that cannot even understand the product types they work with. You can be completely brain dead, but if laugh like a chipmunk on client calls and brown nose these id–t managers you will get ahead.