Paid Time Off is consistently considered one of the most important benefits to employees. And while a PTO policy isn’t required by law, your organization will have a far better shot at recruiting and keeping talented employees if you offer it. Nearly 90% of organizations stated that a paid time off program is vital to growth and retention. Before we explore what employees want from a Time Off software, let’s dive into four common paid time off options.
A negative PTO balance occurs when an employee has taken time off before they’re earned the time. Because there are no federal or state laws dictating negative PTO, it’s your decision as a business owner if you allow such a policy. Before you decide if you’ll allow your employees to acquire a negative PTO balance, it’s important to understand some of the complications surrounding this policy.