Paid Time Off Together vs. Vacation, Sick, etc.
Caroliso
352 Posts
This is on the same topic as the other question being posed, which I'm tracking with interest, but I actually want to know how common these combined paid time off plans are.
I'd been thinking about these as the current trend in HR, and they would solve certain administrative problems for us, but when I mentioned that I was thinking about it at an internal meeting of our senior leadership someone said that these are not that common.
So, the question is, do you have a combined PTO program (one category that can be used for vacation, sick and personal time off) or do you have separate poliices for vacation, sick and personal time?
Any other thoughts or opinions on this are also welcome. Thanks.
Carol
I'd been thinking about these as the current trend in HR, and they would solve certain administrative problems for us, but when I mentioned that I was thinking about it at an internal meeting of our senior leadership someone said that these are not that common.
So, the question is, do you have a combined PTO program (one category that can be used for vacation, sick and personal time off) or do you have separate poliices for vacation, sick and personal time?
Any other thoughts or opinions on this are also welcome. Thanks.
Carol
Comments
We addressed this in our HRhero.com Monthly Survey back in March 2003. Out of 2,700 respondents, 79% had separate vacation and sick leave while 21% had PTO. Numbers may be different today.
If you're interested, the complete survey results are in the Subscribers Area of this website:
[url]http://www.hrhero.com/lc/[/url]
Our company has PTO. I like it, but not enough days.
James Sokolowski
HRhero.com
Personally, each January I look at the accrued leave time I have available and deduct out for vacation days, day after Thanksgiving, time between Christmas and New Year's, etc. then see how many hours I have left to use if I happen to get sick. Even if I ended up having more sick days during the year, I still have the built in time I would have taken off during Christmas. So I just do a rough estimate for my time off for the year.
I love not having to feel guilty if I don't feel up to coming in one day. I have a VERY understanding boss, who doesn't mind if I take a day off here and there as long as all my work is done.
Hope this helps.
Are employees paid any of their accrued untaken time when they leave the company?
I've worked with just about every combination of leave time possible. The last company had the best plan. We had two divisions. One had vacation and sick and the sick time was unlimited. The other division had the same number of vacation and nine sick days. When upper management wanted to limit the number of sick days for the entire company I did an analysis and found out that those that had 9 sick days used every single one of them every year. Those that had unlimited used an average of 4.3 days per year (and we had a 30 day wait for STD - they were paid from their sick leave for those 30 days and the 4.3 average included those employees using 20+ days a year). Interesting.
For attendance purposes, I needed to know how many vacation days they were taking versus sick leave, etc. Managers would come and want to know the breakdown.
Invariably someone would build up their PTO and request 3 weeks of vacation or more in the 2-10 year span. Managers wanted the option to tell them no.
Our employees can only accumulate up to a 2 year max.
We don't lump holidays into PTO; I did work at a hospital that did this once,but it wasn't very popular.