Once upon a time, most organizations offered their employees time off in the categories for which they were used. These traditional plans included some combination of sick days, personal days and ...
Paid time off is a valuable benefit…if you use it. Data shows that US employees are receiving more PTO (up 9% since 2019) but are using less of it. In fact, in 2022, 55% of all PTO went unused.
“There's no concept of accruing hours or going negative with your PTO if you spend more time than you've accrued. There's also no sense of rolling over time to the next year or use-or-lose-it ...
a company must set aside funds to pay an employee for any owed PTO if they depart. With an unlimited vacation policy, no such line item is needed. In the absence of a policy, employees often use ...
If your company uses a single PTO bucket for vacation and sick leave, you may already be out of compliance with state laws. With significant updates to sick leave laws taking effect in 2025 ...
Strategic use of paid time off (PTO) can significantly extend these long weekends, allowing for more substantial vacations. Booking flights and accommodations well in advance can lead to ...