Press "Enter" to skip to content

Tag: paid time off

Choosing Your Vacation Rate and Time Off Accruals

Vacation rate

When a company offers vacation time or PTO, they have to decide on a vacation rate for the accrual. There are a few options. Vacation time can accrue by hours worked, by the day, the week, or pay period. Alternatively, employers can choose to give out a lump sum at the beginning of the year. There are many rates to choose from and they are all suited for different needs and scenarios.

6 Comments

Is Use-It-Or-Lose-It a Good Time Off Policy?

Decide to work or take time off

When an employer drafts a time off policy, they have several choices to make: How much time off to give each year, which accrual rate to use, whether to implement a probationary period, and whether to use an accruals cap. When deciding on an accruals cap, some employers choose to clear all of their employee’s time off at the end of the year, rather than just putting a limit on the amount of time employees can earn. Employers don’t always realize it but this type of policy can cause conflicts in work flow and employee engagement.

1 Comment

5 Things to Consider When Creating a Paid Time Off Policy

Time off policies

Whether your paid time off plan is complex or pretty basic, you should take the time to lay out the details and create a policy. Besides the amount of time and the rate at which that time accrues, there are other important considerations to consider. For example, a policy helps companies cover their bases legally. It also helps prevent misunderstandings.

Leave a Comment

Comparing Vacation Time Around the World – Infographic

World vacation time

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.

Leave a Comment