People are increasingly paying more attention to how their jobs affect their health. They want a healthier work-life balance that includes more paid time off (PTO) and are willing to change jobs to get paid sick days and more vacation time.
As a result, companies have been re-evaluating their PTO and vacation policies. While some are offering more, roughly half of the workers in America don't use all of their time off. And this has been happening long before the pandemic
Paid time off refers to planned time away from your job where you still receive pay. Your employee handbook or contract will outline how many hours you have and how this time is earned or accrued.
– Federal Holidays – Vacation – Sick Time – Medical Leave – Jury Duty – Bereavement – Parental Leave – Military Duty – Voting Time – A Sabbatical – Professional Development – Compassionate Care Leave – Discretionary Days – Personal Leave
PTO and vacation time are often used interchangeably but are two different types of time off that your employer can offer. What you receive depends on the structure of the company.
Unlimited PTO is another benefit that some employers have started to offer. This trust-based structure allows people to take time off when they need it. However, there is no cap on the number of days an employee can take. Your employer relies on you to be honest about the time you need off without abusing the system.