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What's the difference? They're paying you for time you're not working, and if you quit, they have to pay you out the accumulated PTO.
by jimmywanger 9y ago
What's the difference? They're paying you for time you're not working, and if you quit, they have to pay you out the accumulated PTO.
- dragonwriter 9y ago> What's the difference? "PTO" or "annual leave" typically is either a combined pool used for both vacation and sick leave purposes, or, when used to compare across employers, compares what is offered as either PTO/annual leave by name, or the sum of separate vacation and sick leave. So, no, its not the same as vacation.
- jimmywanger 9y agoI think it's a matter of semantics. My current employer refers to it as PTO (as in "schedule your PTO and clear it with your manager") but we still have extra sick days. The main difference is that PTO (or vacation days) accrue whereas sick days don't.
- Spooky23 9y agoUsually that combines vacation, sick and personal time, at s net loss to the employee.