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Cash payments for unused paidleave, including paidsickleave. Employee discounts on retail goods and services. The regs also clarify that payments for all forms of unused leave (e.g., Reimbursements for expenses that aren’t incurred solely for the employer’s benefit. The cost of parking benefits.
Because illness, death in the family, and other personal reasons for absences are unavoidable and understandable, many employers have sick-leave policies that allow employees a certain number of paid absent days per year. If employees run out of days in their accounts, then they are not paid for any additional days missed.
Paid time off (PTO), where vacation and sick time are all lumped into one bucket, is a standard employee benefit in many companies today. Typically, a mandatory PTO program takes the form of an annual time-off minimum. Of course, employees can take longer stretches if they have the available PTO and manager support.
Leave and time off policies. The next set of templates will cover policies related to time off or leave. If your company has already moved to an unlimited PTO policy, portions of this section may not be necessary such as the vacation, sickleave, and perhaps short-term optional leaves such as bereavement leave.
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