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Bank on It! Evaluating and Implementing Paid Time Off (PTO) Banks

Clear Law Institute

June 30, 2015
Recorded Online

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!

Continue by clicking on the following link:

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