A growing number of companies are replacing sick leave and vacation time with paid time off to simplify administration.

Question

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In lieu of sick leave, vacation time, and a personal day or two, a growing number of companies are providing paid time off (PTO), a certain number of days off provided each year that employees can use for any purpose. There are numerous possible benefits for PTO, including simpler administration, fewer carry-over issues, high employee satisfaction, and fewer creative excuses for time off.

A Growing Number of Companies Are Replacing Sick Leave and Vacation