article thumbnail

A New Employee Benefit: Social Justice PTO

HR Bartender

At this year’s WorkHuman Conference , pioneered by Globoforce, I learned about a new employee benefit called social justice PTO. We’re familiar with the concept of PTO (paid time off). Instead of employees having vacation days, sick days, etc., they have one bank of time to use as they choose. Fast Company).

PTO 105
article thumbnail

How to choose a PTO policy for your business

Business Management Daily

Even the most dedicated employees need a break sometimes. Paid time off is an essential component of your employee benefits and compensation package. As such, your PTO policy will be one of your most important company policies. Types of PTO. A list of paid holidays should be included in the employee handbook.

PTO 98
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Benchmarking Employee Benefits: How Do You Compare?

Stratus.HR

A 2021 survey of 150 employers from various industries sheds light on what employers are currently offering for employee benefits, specifically with respect to challenges exacerbated by the COVID-19 pandemic. Benchmarking Employee Benefits: Paid Time Off (PTO). Benchmarking Employee Benefits: Compliance.

article thumbnail

Rethinking benefits and PTO in light of the COVID-19 crisis

Business Management Daily

The COVID-19 pandemic has many an HR department scrambling to fully understand the terms of existing employee benefits programs and reshaping in order to better serve the needs of both workers and the company itself. Paid vacation and PTO. Employers also realize that an abundance of unused PTO could cause problems down the line.

PTO 89
article thumbnail

The pros and cons of an unlimited PTO policy

Business Management Daily

A good employee benefits package may have included a week or two of vacation time and a set number of paid sick days. He likely, though, would have thought somebody in human resources was pulling his leg if presented with the notion of unlimited paid time off (PTO). What is an unlimited PTO policy? Fast-forward to today.

PTO 52
article thumbnail

Rethinking Employee Benefits Package: Why Personalization is the Key?

Empuls

In this article, we will explore what personalized benefits are all about, and how to use them right. What are personalized employee benefits? On the flip side, personalized benefit packages fully rely on the inputs, painpoints and needs of your potential workers or existing employees.

article thumbnail

5 Steps to Building an Employee Benefits Program That Won’t Break the Bank

Insperity

The benefits you offer potential employees can make or break their decision to work for you. Also, employee benefits are typically one of your heftiest expenses as a business owner. Differentiate between required and optional employee benefits. Know the required employee benefits.

Banking 50