Why Is PTO Important? 7 Reasons to Prioritize Paid Time Off
A lot of business owners, or department managers, or team leaders, balk at the idea of paying people not to work. It’s why the USA still doesn’t have any federal…
What is PTO Rollover, and How Does It Work?
PTO rollover is just one of many terms you need to understand when setting up your company’s PTO policy. It’s important for a number of reasons – from ensuring your…
What is the Average PTO Accrual Rate?
Are you trying to build your company’s PTO policy, and not sure how much PTO you should provide? You’re probably not alone. There’s little to no guidance (particularly if you’re…
PTO Accrual Caps: All You Need to Know
In this article we’re going to explain all there is to know about PTO accrual caps, including how they work, why companies use accrual caps, and different ways you can…
PTO vs Vacation: What’s the Difference?
You listen to one person, they’re talking about taking their vacation time. Another’s talking about taking PTO. And you’re wondering… what’s the difference? Vacation and PTO (paid time off) are…
How to Track PTO Accruals (Manual vs Automated)
Most companies have an accrual-based PTO system, where employees earn paid time off relative to the amount of time they work. It makes sense to do this – it means…
What is Prorated PTO? (AKA Prorated Vacation Time)
All companies need to provide PTO for their employees. But in doing so, some complicated issues can arise. For example, what happens when someone starts working midway through the year?…
Lump-Sum vs Accrued Vacation
There are typically two approaches to setting up your PTO policy and deciding how many vacation days employees get: lump-sum or accrued vacation. While this is not a decision that…
How to Create a PTO Policy for Your Business
Paid Time Off (PTO) is constantly regarded as one of the most important and sought-after employee benefits. If you’re running a business, you need to provide your employees with a…
How to Calculate PTO Accrual
In this article, we’re going to give you a complete guide to calculating PTO and updating PTO balances for your team members based on accruals. PTO can work in many…