Time off is, traditionally, a benefit employees earn just for working at the company. Whether employees earn time off by the hour, day, week, month, or year, it’s dolled out based on the time they put in. But times they are-a-changing and time off is increasingly given to employees for other reasons, such as non-monetary bonuses or rewards for good behavior.
Tag: paid time off
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.
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?
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.
There are several ways to calculate time off but only one of them is ideal for part-time employees or employees who work variable schedules. The by hours worked accrual rate ensures that employees only earn time off for the number of hours they actually work making it a great solution for anyone who’s not working full time. This by hours worked method satisfies many state and local sick time requirements.
Timesheets.com has a free by-hours-worked calculator if you need to determine how much time off your employee should be accruing.
Continue reading below to understand more about this useful accrual method.
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.
Also, Timesheets.com has a free tool for calculating time off that you can try.
This might sound contradictory at first. Why would you have to pay out vacation if you don’t even have to offer vacation to begin with?
Well, if you choose to offer vacation, you have to follow some rules. You don’t actually have to offer vacation in California at all if you don’t want to (although, it is a perk that employees find desirable so maybe you should!) but if you do decide to implement some vacation benefits, you’ve got to stick to it till the end.
Employees need to take short breaks during the day to recharge during work. If they don’t, they can become burnt out and less productive. Likewise, employees need longer breaks during the year to recharge on an even deeper level. Offering paid vacation time can improve an employee’s long term health and well being within the company.
If you’re interested in allocating time off, try our free calculator.