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

Question

Quizplus · Accepted Answer

In lieu of sick leave,vacation time,and a personal day or two,a growing number of companies are providing paid time off (PTO)banks,a certain number of days off provided each year that employees can use for any purpose.There are numerous possible benefits for PTO banks,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