Is our PTO schedule attractive?
We are a privately held distribution/manufacturing business with about 200 employees. I would be curious to hear how our accrual schedule compares with similar companies:
Tenure PTO earned
Less than 1 year 9 days (Vacation/PTO)
1 year 14 days
6 years 19 days (current max)
We have 8.5 company holidays.
Thanks for sharing your system. It's great to be able to benchmark this.
Grace
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Thanks for asking this! I have been wanting to benchmark ours as well. We are a privately held software company with about 130 employees. PTO is accrued beginning day 1, available for use after 90 days.
Year 1-2 = 10 days PTO
Year 3-5 = 15 days PTO
Year 6+ = 20 days PTO
9 paid holidays
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We are a privately held telecommunications carrier, with roughly 400 (and growing) employees. We accrue PTO, starting day one, based on the schedule below:
During 1st year = 10 days
Years 1-4 = 15 days
Years 5-14 = 20 days
Years 15-24 = 25 days
Years 25+ = 30 days
We typically have 7 holidays. In some years we have a 1/2 day for Christmas Eve (depending how it falls), and will have another day or two when holidays fall on Tuesdays or Thursdays.
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We are a privately held third-party administrator of benefits for self-funded clients. We have about 70 employees. PTO available after 90 days and full balance is available for use at that time.
Less than 1 year - 10 Days
Years 1-5 - 15 Days
Years 5-15 - 20 Days
Years 15-20 - 25 Days
Years 20 and Up - 30 Days
We have 9 paid holidays. Additionally, we added a 1.5 paid holidays as incentives for various things. Usually close the office for a half day if certain goals are met.
I previously worked at a manufacturing company that was publicly held. Their PTO structure was:
First Year - 5 Days
Years 2-5 - 10 Days
Years 5-10 - 15 Days
Years 10-15 - 20 Days
Years 15 and Up - 25 Days
Hope this helps!
