Human Resource Blog

Where HR Professionals Seek Answers

A Practical Source For Your Daily HR Needs.Lets Build An HR Blog Community Together! Want To Share Your HR Knowledge Or Gain Knowledge Through Other Professionals?Lets Discuss HR!

Apr09

What is PTO

Benefits
Total Compensation Summary
Performance Improvement Plan
Performance Appraisal and Review
Employee Payroll Status/Change Form
Employee Change Form
HR Management
Confidential Employee Folder
Confidential Employee Medical Folder
Job File Worksheet Folder
Daily EEO Applicant Flow Log
Workplace Information Sheets
Request to Inspect Personnel Files

What does PTO stand for?

PTO stands for Paid Time Off. Rather than offering a certain number of vacation days, sick leave, holidays, etc., some employers lump all time-off benefits together into a PTO bank. This way, if an employee does not wish to take off for a holiday, but would rather have an extra day to use for vacation, they can do so.

PTO plans are generally easier for employers and employees to manage, as they do not require maintaining separate tallies of each type of time-off that has been used. Be aware, however, that in states such as California where unused vacation must be paid out upon termination, if the employer does not designate a specific number of days towards vacation but instead uses a PTO plan, all remaining days in the PTO bank will be considered to be vacation, and must be paid out at termination.

Tags:

This entry was posted on Monday, April 9th, 2012 at 10:51 am and is filed under
Benefits, Human Resources Management.
You can follow any responses to this entry through the RSS 2.0 feed.
You can leave a response, or trackback from your own site.

« Previous Entry
Next Entry »

Leave a Reply





  • [ Back ]

    • Spam Protection by WP-SpamFree

Home Ask a Question Archives

© 2008 HumanResourceBlog.com, All Rights Reserved