article thumbnail

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.

PTO 98
article thumbnail

Unlimited PTO—Surprise! It’s Not Unlimited.

International Foundation of Employee Benefit Plans

Unlimited paid time off (PTO): the benefits trend that has rapidly grown, especially in the wake of a global pandemic. How exactly are employers able to offer a limitless vacation. Read more > The post Unlimited PTO—Surprise! It’s Not Unlimited. appeared first on Word on Benefits.

PTO 85
Insiders

Sign Up for our Newsletter

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

article thumbnail

Hot Summer Topic—PTO and Vacation Benefits

International Foundation of Employee Benefit Plans

Whether it’s a family road trip with fruit snacks and beef jerky, getting another stamp or two on your passport, or enjoying your own community with a staycation, time off is a hot topic for many employees across the United States as […] The post Hot Summer Topic—PTO and Vacation Benefits appeared first on Word on Benefits.

PTO 69
article thumbnail

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

Business Management Daily

the state affiliate for the Society for Human Resource Management. 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.

PTO 89
article thumbnail

11 Benefits of Paid Time Off (PTO)

Hppy

Other company owners offer less paid vacation leaves than paid sick leaves. But many employees prefer PTO or paid time off benefits rather than paid sick or vacation days. Experts believe that providing PTO benefits to employees is beneficial for the overall growth of a company.

PTO 41
article thumbnail

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.

article thumbnail

What employees expect from benefits packages

Business Management Daily

What an employer must offer in terms of worker’s compensation and disability varies by state, so human resources should keep tabs on requirements. Likewise, paid vacation days offer the opportunity for workers to recharge. Many organizations no longer distinguish between sick days and vacation days.