Looking for ways to incent the best employees in your workforce? Is absenteeism impacting your bottom line? Tired of spending unproductive time on administrative tracking? There’s a program out there that could address all three concerns—and save your company money in the process!
The solution: Paid Time-Off Banks – where all paid employee time off (sick days, vacation, personal days, etc.) is combined into one “bank” that employees can use at their discretion (with a few rules, of course)
While PTO Banks aren’t for every company, most employers will benefit from taking a few steps to determine if it could work for them.
This program will give you the facts you need to make an informed decision. You’ll learn how to:
Understand what PTO Banks can do (and what they can’t)
Evaluate the positives and negatives and determine the potential impact to your organization
Debunk the most common myths associated with PTO banks and understand the financial and personal realities behind them
Perform a financial impact review of a change to a PTO plan
Review legal compliance issues regarding implementation
Ensure positive communication of the program
Understand how FMLA, ADA, Short and Long Term Disability Insurance and Workers Compensation requirements integrate with PTO
Be aware of payout, cash out and rollover options
Don’t miss this valuable opportunity to provide employees with something they want that can actually improve productivity and save your organization money!
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