When transitioning to a PTO policy, did you combine existing sick and vacation time into a single PTO bank? For example, if employees previously received 40 hours of sick time and 2 weeks of vacation, did that convert to 3 weeks of PTO, or did you structure it differently?
We combined what would be vacation, sick & personal.
Because ours followed a merger with each bank having different accrual rates as well as policies on carry over, we did an evaluation of what the standard vacation by level and years of service would be first and then a "buyout" of the "bank" of carryover.
We do not have combined PTO bank
We combined vacation and added 8 of our 10 sick days and 1 of the 2 personal days were added to the PTO time.
We combined all previous eligible days into one PTO bucket
This transition to all PTO happened before the current HR team was here, so I don't have an answer.
We still offer PTO and vacation
Not combined here.
We did not combine. We essentially converted vacation to PTO, with a separate APTO (annual PTO). APTO time is only used when PTO is depleted and should be used for unplanned time. It is treated like sick/personal time and has no cash value at separation. All FT employees receive 7 days of APTO per annum and can carryover up to 7 from year to year to build somewhat of a sick Bank. PTO is use it or lose it and does not carryover.
Yes, we combined vacation, sick and personal, did not add or take away the number of days.
PTO and Sick policies are separate. The PTO policy combined the existing Vacation and Personal Day policies.
Yes.
Not sure changes were made before I was hired at TCB. However I was told when time off was broken out, vacation, sick and personal were generous. Looks like combining to PTO reduced some days overall.