Unlimited PTO System Samples
We're looking at implementing an Unlimited PTO system at our Corporate Offices. I would really appreciate hearing from folks who have done this - pros and cons. I'd also like to be able to follow-up with you if that's cool with you.
Can you send any sample program parameters to me by email at: email@example.com?
I appreciate it !! - Steve
Hi, Steve. We are not allowed to share company policies at my current company, but I am happy to discuss the parameters of our "discretionary PTO" program for exempt employees if you would like. Nonexempt employees still accrue PTO every payroll period. I like the way that it is written - there are suggestions of using minimum of 2 weeks and max of 4 weeks. Over 4 weeks is available with additional approvals from managers and HR. There is also " sick time" for nonexempt employees, primarily for the first 5 days of disability leave, which is a great way to handle how does STD/FML start with unlimited PTO. Please reach out if I can help further!
Steve - We actually had an unlimited PTO program in the past but dissolved it for a number of reasons. I'm happy to connect with you and share any insight on what worked and what didn't if it would help you.