BLUF - I'd like to hear from anyone who has experience working in a company that has no parameters for paid time off for salaried employees.
Background: The leadership team at my company is currently discussing future changes to our benefits package. One of the proposals on the table for paid time off is "no parameters" for salaried employees. In other words, you come to work and get your job done. If you want to take a vacation, stay home sick, take time off for bereavement, or what have you, you make arrangements with your boss, and take the time you want/need, as long as you get your job done. The benefits to the company are no accruals, and potentially less time off than is currently being used. It's a trust-based system, with responsibility on the managers to make sure the work is getting done.
I personally find a lot to like in this system. I think it would send a strong message to the employees that they are trusted and very highly regarded as professionals. I can imagine there might be some who would take advantage of this, but I think it would be a small minority.
Any thoughts? I'd especially like to hear from anyone who has experience with such a system, but also thoughts from the community in general.