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Benchmarking Employee Benefits: How Do You Compare?

Stratus.HR

Benchmarking Employee Benefits: Paid Time Off (PTO). Nearly all employers that participated in this survey (99%) indicated they offer PTO in some capacity. With the pandemic nearly in hindsight, many employers are now evaluating changes to their PTO programs. Of course, few would have survived 2020 without it.

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JOB SATISFACTION

HR Management Activities

One of the most effective absenteeism control methods is to provide paid sick-leave banks for employees to use up to some level. Some firms have extended their policies to provide a paid time-off (PTO) program in which vacation time, holidays, and sick leave for each employee are combined into a PTO account.

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The do’s and don’ts of handling employee absences

Insperity

For example, some states have laws requiring dedicated paid sick leave or may permit the lumping of all time off together into one paid time off (PTO) bank. Other states may have laws that require paid family and medical leave. After all, you provide the benefit of PTO for a reason.

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Mandatory vacation time for employees: 6 pros and 6 cons

Insperity

Paid time off (PTO), where vacation and sick time are all lumped into one bucket, is a standard employee benefit in many companies today. Typically, a mandatory PTO program takes the form of an annual time-off minimum. Of course, employees can take longer stretches if they have the available PTO and manager support.

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