Paid time-off, or PTO is a benefit offered to employees where they can take time off from work and still get paid for the day. This includes vacation days, sick leaves, or personal time off. Every company has a time-off policy of their own, which provides details on accrual, rollover, PTO banks, etc. Usually, the annual paid time-off offered to employees depends on employees’ experience at the workplace.
If the employee exhausts their PTO, they are forced to work even sick or take loss of pay.
When a bunch of employees decide to take the same days off, it becomes difficult to manage work and achieve your goals on time.
Companies have to honour the paid-time off accruals even when the employee resigns.
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