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  • #9427
    Participant

     
    <p style=”margin: 0in 0in 10pt;”><span style=”color: #000000; font-family: Calibri;”>Hi, I just wanted to get an idea of what other companies do with their PTO/time off policies.</span></p>
     
    <p style=”margin: 0in 0in 10pt;”><span style=”font-family: Calibri;”><span style=”color: #000000;”>My company doesn’t separate vacation/sick time; every employee just has a “bank” of hours they can use for whatever they need.<span style=”mso-spacerun: yes;”>  </span></span><span style=”color: #000000;”>Those hours are accrued each pay period, which for us is every 2 weeks.</span></span></p>
     
    <p style=”margin: 0in 0in 10pt;”><span style=”color: #000000; font-family: Calibri;”>Do your companies separate vacation/sick time, or just give employees one set of hours to use?</span></p>
     
    <p style=”margin: 0in 0in 10pt;”><span style=”color: #000000; font-family: Calibri;”>Also, if you are willing and able to share—how many hours do your employees accrue each pay period/year, etc?</span></p>
     
    <p style=”margin: 0in 0in 10pt;”><span style=”color: #000000; font-family: Calibri;”>Do you have a maximum amount of hours your employees can accrue—sort of like a “use it or lose it” policy, or does your plan have any type of a cap?</span></p>
    <span style=”line-height: 115%; font-family: ‘Calibri’,’sans-serif’; font-size: 11pt; mso-ascii-theme-font: minor-latin; mso-fareast-font-family: Calibri; mso-fareast-theme-font: minor-latin; mso-hansi-theme-font: minor-latin; mso-bidi-font-family: ‘Times New Roman’; mso-bidi-theme-font: minor-bidi; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;”><span style=”color: #000000;”>Thanks for your input!</span></span>

    #9429
    Participant

    We don’t separate PTO and sick leave, employees just get one bank of PTO time. For absences of 3 days or more due to qualified illness/injury, employees can apply for Short Term Disability which is a benefit we provide at no cost to employees.

    PTO is accrued monthly and the accrual rate is based on years of service. Employees can accrue until they hit their one year max (monthly accrual * 12 = total number of hours you can have at any time).

    #9431
    Participant

    We also have one vacation (PTO) bank that is all encompassing and is utilized for vacation, illness, appointments, etc.  Same scenario as well in accrual every pay period which is bi-weekly. It is a figure set at a specific amount of time based on hours worked with a maximum per check.  (Ex: Hours worked x .042308 results in up to 3.38 hours max for an 80 hour pay period)  The figure increases with length of service.  In addition, there is a maximum accrual amount established for each figure.  The PTO is never lost, but once you max out, you stop accruing.

    Just for some extra insight, our facility is in the healthcare industry.

    #9482
    Participant

    We have 10 sick days per year with 1/26th of that accrued each pay period.  Vacation is 10, 15 0r 20 days for up to 5 years, 5-10 and above 10 years respectively, accrued at 1/26th per pay period.  These cap at 240 hours vacation and 720 hours sick accrual.  New employees have to wait 90 days to use accruals.

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