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The biggest reason to knock off working on vacation or after hours is that it creates a false expectation on the the workload. If you can't get it done during regular office hours, than that means your company needs more people or a process improvement.
If you are working these extra untracked hours, you are the problem. If you get rewarded for doing so, your company is toxic and will only expect more as you move up the ladder.
I told a manager that, if you work 60h a week, you don't know how to do you job. I slipped in that hourly payment isn't terrible either if you do so.
He never bothered to try to make me work "for free" ever again.
No one on there deathbed will say they wish they worked harder. They will regret all the other moments they missed because they were working too much.
Time is more than just money, it's your life.
I read somewhere on a study of male americans on their deathbed, that they were 100% who regretted being in the office to much.
Can't find the source though.
I'll put my hand up and say that I will wish I worked harder. My job is simple and i work remote. If I was willing to work harder, I could either move up in the company or move to a competitor. That would get me more money. More money would help me to pay rent on a nicer place to live. And then with the new nice place, I could get the rest of my head in order. So I will absolutely go to my doom wishing I worked harder, put in more hours, and showed a high degree of dedication.
That's what everybody thinks before they are on their deathbed, not so much when they're actually there... The peace you're looking for will most likely always be 2 steps ahead of you
Plus working hard is not necessarily correlated with being paid more, or being promoted.
The company could easily refuse you promotion if you're considered irreplaceable.
I've worked at plenty of places which have made it fairly clear that the only way you can progress up in the company is to work out of hours. Extremely illegal business practice but they did it anyway.
One of the places was a law firm, because lawyers always think that they know how to break the law.
The biggest reason is because it's not work time. End of.