As we’ve discussed in previous articles, the benefits you offer your employees help attract the best candidates, keep your employees engaged, increase morale, and reduce turnover. The paid time off your company offers is a crucial component of those benefits—time away from the office is a necessary way for employees to recharge their batteries and come back refreshed and reinvigorated for work.
Although you are not required by law to give compensation to employees when they are not at work (except sick leave, which is required in some states), if you decide to offer this benefit, you should be prepared to do so in a fair and consistent manner and you should document your policy in writing.
In this offer, we’ll give you some principles you can use to answer your questions about PTO and provide you a template you can use to create consistent PTO policies across your organization.
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