Determining If a PTO Plan Is Right for Your Company
Objectives of the Presentation
- How to evaluate properly a PTO program for your business
- Understand the competitive advantages PTO offers
- How to build a persuasive business case for presentation to executives
- The most common PTO pitfalls and how to avoid
- Types of time off that are typically included and excluded in PTO programs
- Determining what is a proper PTO plan for your company
- Review the 12 major things to consider when switching to a PTO program
- Developing a thorough communication plan
Why Should you Attend
Administratively speaking when planned properly and communicated there is less of a burden to HR, managers and employees. The employee realizes a newfound freedom, sense of control, satisfaction and even responsibility for managing their time off according to what is important to them. Co-workers are happier too as they are not left scrambling to fill in for other employees unscheduled absences. Happier employees translate into increased morale and engagement, even better teamwork, creating a competitive edge in the market for labor.
So what could go wrong? To start, transitioning existing time off banks leaves and benefits into a PTO program can be confusing to say the least. All existing benefits require review to make sure employees are left at the least, in the same if not a better position than before the transition to PTO. The communications for employees to understand the transition is a good thing can be just as tricky. Fears need addressed in a clear and positive manner. Some traditional managers can view PTO programs as a loss of control and those managers have to be educated as well.
Employers in states that treat sick pay differently than vacation pay upon an employee´s termination need to run the numbers carefully. There is a lot of planning that needs to be in place from structure all the way through to communication and implementation.