A paid time off (PTO) policy combines vacation, sick time, and personal time into a single bank of days for employees to use when they take paid time off from work. A PTO policy creates a pool of days that an employee may use at his or her discretion. ...
Unlimited PTO: Pros and Cons? More Key Takeaways: Under an unlimited paid time off policy, employees get to decide how much time to take off, whether for vacation, sick leave or other reasons. Unlimited PTO can be a major benefit for employees, offering more freedom and fle...