PAID TIME-OFF, PTO
Paid Time Off
Paid Time Off or PTO is an employment benefit that allows employees to take time off without losing their normal salary. Unlike traditional leave structures that may separate vacation days, sick leave, and personal days, PTO combines these categories into a single pool of days that employees can use for various purposes. The flexibility of PTO policies provides employees with autonomy in managing their time off for vacation, illness, personal matters, or any other reason.
Employees can use Paid Time Off for various reasons, including vacation, illness, personal appointments, or family obligations, providing flexibility in managing time away from work. PTO policies often result in a more generous allocation of vacation time, as employees can use the accrued hours as needed, rather than being limited to traditional vacation days.