Paid Time Off (PTO) - Deciding Between Unlimited vs Earned
Paid time off; also known as PTO, sick leave, or vacation days. It's time off that employees can take while still receiving their regular wages. There are a lot of ways you can structure PTO and it really depends on the size of your business and the industry you're in.At the time of this episode, there are no federal requirements for paid time off but there are many different state and local requirements. If you are offering paid time off, the main thing you have to consider is whether you want to separate it into vacation time, which generally can be used for whatever employees choose, and sick leave, which usually requires a doctor's note.I'm sharing a lot of options available to you when it comes to PTO! From unlimited, accruing, or earned paid time off and how to provide ample benefits to your employees while also protecting yourself from abused time off.* Connect with me on IG @jackie.koch_* Find more information on my website peopleprinciples.co