Employer Paid-Time Off From Work

559 Words2 Pages

According to (EMPLOYERS OFFER PAID-TIME PROGRAMS, 1995), PTO is an important benefit provided to employees for planned vacation and illness and can be critical to maintaining productivity and employee morale. But a lack of adequate checks and balances can cost companies 2 or 3 percent of their total operating cost. An estimate puts the cost of poor PTO polices at U.S. business at around $70 billion a year. Two benefits to offering PTO is, PTO can be used for scheduled personal time off from work for various reasons such as, vacation, sick time, or even bereavement. Employees are able to miss work, but still would be able to receive pay. This is a great benefit to employees. According to (Martocchio, 2013), most paid time off as a …show more content…

For employees and employers, paid time off benefits are significant. These benefits provide the employees the opportunity to balance work and nonwork interests and demands. Companies gain from sponsoring these benefits. Employees can legitimately take time off from scheduled work without incurring lost of pay and benefits. According to (Korotin, 2011), employees are encouraged to plan ahead for vacation, but do not require substantiation for impromptu time off, which is more convenient for the employee and results in fewer absences. Another benefit to offering PTO is, PTO can be used in conjunction with the leave of absence policy. For example, if you use your PTO for the first five days of your approved leave of absence, the remaining approved time off will be paid leave of absence. This secures the employee's position and gives them the opportunity to get better and healthier without having to stress over missed time from work and missed pay. PTO can also be a motivation to employees. Employees may feel more willing to come to work and be less stressful. It makes asking for a day off a lot easier. They don't have to feel like they have to be dishonest if they need to leave for a family matter, school function,

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