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How to choose a PTO policy for your business

Business Management Daily

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. Having a solid PTO policy will make administering paid time off easier on human resources and simpler to use for employees. Types of PTO.

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

Business Management Daily

Paid vacation and PTO. Though many workers have additional paid time off available and would benefit from using it to rejuvenate, getting employees to take PTO during the crisis can prove challenging. Employers also realize that an abundance of unused PTO could cause problems down the line.

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HR News: Encouraging Employee Time Off

eni

Many employers are responding to this employee burnout by creating vacation-friendly policies. A common trend across industries is PTO (Paid Time Off) hour banks which combine sick leave, personal time and paid vacation hours into one bank that employees can access whenever needed.

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How to Turn a New Company Policy from Negative to Positive

HR Bartender

We were offering new employees three weeks of paid vacation, which is comparable to what local companies with which we compete for talent were offering. We all know that traditional “accrual” vacation policies can be a substantial expense. days more than under the traditional accrued PTO policy. Yes, that’s right.

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