Vacation. Sick time. Holidays. Personal days. If you offer some or all of these to your employees, it can be dizzying to keep track of it all. And chances are, you’ll run into confusion or even conflicts about how you administer them — from people taking sick days just because they’ve run out of vacation to which holidays people observe based on their culture, religion or other circumstances.
For these and countless other reasons, more and more employers are taking a different approach — paid time off, or PTO.
“Paid time off is a policy that combines leave into one bank,” explains
