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PTO is paid time off, it is your vacation and sick time (and sometimes some of your holidays) in one pool. It is typically a way to give you less time off.
by vampirechicken 13y ago
PTO is paid time off, it is your vacation and sick time (and sometimes some of your holidays) in one pool.
It is typically a way to give you less time off.
- nanidin 13y agoMaybe I should have quoted the site. They list the benefits as 2 weeks of vacation AND 12 days of PTO "to be used however you want" AND 8 paid holidays. So what's the difference here between PTO and vacation? Can you get an effective 4 week vacation out of it?
- sorahn 13y agoVacation must be paid back to you (the employee) if you leave the company. PTO is not.
- vampirechicken 13y agothe 12 day PTO is applicable to sick time, or vacation, or what ever. The fact that they've split the two of them, make me think you'll need to read the employee handbook very carefully to determine if either, or both, are subject to use-or-lose, accumulation, and/or payout on separation. Otherwise That's not a terrible deal in general.
- vampirechicken 13y agoI just also want to add, that giving you a pool of paid time off that you can choose for whatever reason, allows them to deftly avoid the issue of the celebration of holidays that are of (possibly religious) significance to an employee, but not to the company - for example Passover or Yom Kipur.