article thumbnail

3 Reasons to Boost Your Employee Benefits Offerings in 2020

Achievers

Naturally, most businesses can’t afford the king suite of benefits—unlimited PTO, free insurance, etc. Given the choice between working somewhere with great benefits and somewhere with the bare minimum, anyone would choose the business with more PTO. Get started by accessing best practices from Achievers’ e-book.

article thumbnail

Employee wellbeing: How to keep employees happy and healthy 

Achievers

Give employees plenty of PTO — and encourage them to use it Every organization that cares about employee wellness should understand the importance of a healthy work-life balance. Providing a significant amount of PTO is a tangible way to demonstrate a commitment to the wellbeing of employees.

PTO 208
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The do’s and don’ts of handling employee absences

Insperity

For example, some states have laws requiring dedicated paid sick leave or may permit the lumping of all time off together into one paid time off (PTO) bank. Post-pandemic, many companies offer extra PTO days specifically for personal matters. Furthermore, avoid rewarding employees who don’t use their PTO benefit.

article thumbnail

Companies should prepare to handle a slew of vacation requests this summer

Business Management Daily

Some stockpiled PTO in order to receive a payout if they were let go by their employer. The improving economy gives workers a greater sense of job security and a decreased need to hoard PTO. The improving economy gives workers a greater sense of job security and a decreased need to hoard PTO. Start the process early.

PTO 98
article thumbnail

How to handle unused vacation days amid COVID-19

Insperity

Usually by the fall, employees have used much of their paid time off (PTO) on spring and summer trips. But with hardly anywhere to go during the COVID-19 pandemic, unused vacation days have piled up at many companies – a phenomenon called PTO hoarding. Should you encourage employees to take PTO? You can make PTO policy changes.

PTO 96
article thumbnail

The pros and cons of an unlimited PTO policy

Business Management Daily

He likely, though, would have thought somebody in human resources was pulling his leg if presented with the notion of unlimited paid time off (PTO). As companies look for ways to attract top talent and improve retention rates, unlimited PTO is a reality at many organizations. What is an unlimited PTO policy?

PTO 52
article thumbnail

Furlough vs. layoff: What’s the difference, and what do employers need to know?

Insperity

PTO payout. Laid-off employees are removed from the payroll and, in states that require it, must be paid for any unused paid time off (PTO) they have accrued with their final paycheck. You can allow employees to use PTO during the furlough, but you’ll likely want to consider the pros and cons of this option.

PTO 98