We all look forward to a break from work – a vacation that lets us relax and rejuvenate. However, in the US paid time off is not a given. Employers don’t have to offer time off. Even when they do, not all Americans use it all. And still some workers don’t completely disconnect during their vacation. Vacation time is lacking compared to the rest of the world. The US has the seventh least vacation days behind Japan, Taiwan, Hong Kong, Canada, China, and Mexico.
Category: Accruals & Time Off
Most companies offer sick leave to full time employees, since nearly 80% of full-timers get some sort of sick benefit. If your company doesn’t, there are a few reasons you might want to consider writing up a sick time policy for your salaried employees.
First, it makes it easier to deal with the legalities of exempt employee salary deductions. Second, the office is just healthier when sick people don’t come into the office and infect everybody else. It may seem counter intuitive, but paying an employee to stay home when they’re sick benefits your employees and your company a great deal.
There has been a lot happening in California with regard to employee benefits lately. Last week it was a state-wide minimum wage hike and this week, in San Francisco, it’s six weeks of fully paid leave for new parents. The San Francisco Board of Supervisors voted unanimously on Tuesday in favor of the measure.
Labor Day can be more of a hassle than it’s worth for anyone driving to or from a big city. Navigating into and out of it can take hours and for what? To pay higher gas prices and higher hotel rates? To visit a crowded outdoor destination like a lake or campground and experience none of the quiet, tranquility of nature? The cacophony of vacationers roars over the scurry of chipmunks and the wind in the trees. Who really wants that?
California is one of several states which mandates paid sick leave. The paid sick leave law applies to all employers, regardless of size or number of employees.
The law sets guidelines about accruals and usage. This is not intended to interfere with a company’s current policy but to provide a minimum sick leave requirement to establish a sick leave policy for companies that didn’t already have one.
Most people in the US probably don’t realize this but the United States is behind every other developed nation with regard to paid-time-off. Your average American probably thinks that getting paid to take time off is just for the elite. But this is far from the truth in some parts of the world. Every other developed nation offers some benefits to postpartum mothers, and many of them offer quite a bit.
When holidays roll around, employers start thinking about how much to pay their employees and whether holiday pay is mandatory at all.
There are several ways to calculate time off but only one of them is ideal for employees who work variable schedules. The by hours worked accrual rate ensures that employees only earn time off by the number of hours they actually work. This might amount to earning less than or more than the other rates would provide. This rate is good for part time workers, periodic workers, and it satisfies many state and local sick time requirements.
According to recent research commissioned by Ricoh Americas Corporation and conducted online by Harris Interactive, 54% of Americans work while they’re on vacation. They do things like stay on top of emails, keep in touch with co-workers, and take care of small tasks. Generally, employees don’t simply trade working full time at the office for working full time at the beach, but they aren’t disconnecting either. And this, reports Rioch, is bad for worker’s relationships and their health.
Calculating PTO by hand is a not a simple task. There are many rates to choose from and the calculations aren’t always intuitive. For this reason, most small business owners just end up using a yearly accrual rate. This method is easy. You just have to decide how many days employees should get per year and give it to them in a lump sum. However, if you’re a little more math savvy, you can calculate PTO with other accrual rates that may be a better fit for your business. I’ll explain the different rates and the calculations.