Donation of PTO
seeleyhr
81 Posts
Have an employee who has run out of PTO, other employees know that this is a hardship on him. He is out on Family Medical Leave. They would like to donate a day of PTO to this employee. Has anyone else out there done this and is so, were their any complications or legal issues that arose with doing this.
This is something I have not come across before but I have heard of it being done.
This is something I have not come across before but I have heard of it being done.
Comments
I don't do a day for day donation though. I convert the time donated to a dollar amount then convert back to hours to give to the receiving employee.
So, if the donor's hourly rate is $20. an hour and he donates 2 days (16 hours) he is giving $320. The receiving employee has an hourly rate of $10.an hour so he will receive 32 hours of paid vacation.
Hope that helps.
Our program works well and we have had few problems.
I really appreciate everyones' help and ideas.