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More Employers Utilizing System of Paid Time Off in Lieu of Vacation, Sick Leave or Other Leave Policies
Human Resource Executive Link to more items from this source
Sept. 9, 2008
Excerpt: Essentially, PTO allows employees to draw from a 'bank' of a specific number of days whenever the employee requires a day off. The defining feature of a PTO system is that the nature of the leave is irrelevant because missing a day of work simply depletes the bank by one day.

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