By Stephen D. Bruce, PHR
Editor, HR Daily Advisor
Just My E-pinion
Instead of designating employee paid time off as vacation days, sick leave, and such, many employers have started to lump it together and simply call it paid time off, or PTO for short. But there are pros and cons.
The advantages of undesignated paid time off for employers include reduced tracking hassles and no more wondering about sick-leave abuse. Many employers also find that PTO is an important strategic recruiting tool, and they find it to be just as successful for employee retention.
Unfortunately, the bad sometimes comes along with the good. Some employees on PTO will take amore time than they did before. And then there are the sick employees who won’t take time off, because they don’t want to burn “vacation time.”
Are You a PTO Organization? If So, How Is It Working Out?
For years, BLR has surveyed employee benefits to find out what HR and benefits professionals saw in the preceding year and what they were expecting in the coming year. This year, we are expanding that program by conducting a series of brief, targeted benefits surveys. The findings of these surveys will be analyzed and presented free to all respondents.
Today’s Topic: Paid Time Off
- Does your company have a PTO program? If not, are you thinking of switching to a PTO program?
- Are you confident that your company’s program is effective for recruiting talent?
- Is your current program helping with retention?
- Are you providing an adequate number of days?
Take this brief survey and see how your existing practices and future plans stack up against the country’s most successful companies. The survey only takes a few minutes to complete, and it will help you stay on top of your industry and keep your organization competitive.
Complete the Paid Time Off Survey Now
By sharing your insight, opinions, and experience, you’ll help us highlight trends and define benchmarks—by industry, geographic location, and size of employer—that will inform your decision making for the coming year. At the same time, you’ll gain a highly valuable strategic planning tool that will help ensure that your company is offering competitive benefits.
Complete the Paid Time Off Survey Now
Rest assured that all responses are confidential and only aggregate findings will be published.
Thank you for your valued input.
P.S. Here are some upcoming employee benefit surveys:
- Family Leave
- Incentive Plans / Bonuses 401(k)
- Voluntary Benefits
- Healthcare
Complete the Paid Time Off Survey Now
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I would like to take your survey but don’t want to have to sign up with Survey Monkey. Is there no other way to take the survey?