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Lately, there has been a lot of talk about progressive employers offering unlimited paid time off (PTO). While unlimited PTO sounds attractive, especially to an employee, organizations should conduct a true analysis of the potential impact prior to implementing an unlimited PTO policy.
What It Is
Unlimited PTO provides employees a break from PTO banks and traditional vacation policies. With this innovative practice, employees are given the freedom to decide when and how much paid time off they will take. The only requirements are that their work is completed and the absence will not adversely impact business. Currently, only 1% of companies nationwide have adopted this practice but the number is steadily growing.
When considering a change in PTO and vacation plans, it is important to consider many factors, including your organization’s culture, operational structure, staff make-up, and customer needs. If a new policy is applied, setting expectations and continuously communicating them to employees are critical to ensure success.
Our team of HR professionals is available to answer your PTO questions, analyze your current offering, develop new policies, and help manage the change. Contact a team member at EctoHR by calling 810.534.0170, or by email to firstname.lastname@example.org