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Benchmarking Info - PTO & Sick banks
Posted by Crystal Graves on Jul. 15, 2021 / Subscribe 4
I am trying to research current benchmarking info from our area companies on their benefit offerings for PTO & Sick time banks. Please share what you are currently doing for your teams. thank you!
4 Comments
Tim Rosbrook
Jul. 20, 2021
We offer 3 weeks after 1 year, 3.5 weeks after 5 years, 4 weeks after 10 years, 4.5 weeks after 15 years, 5.5 weeks after 20 years and 6 weeks after 25 years. In the event of an FMLA event, we offer an additional 5 days or 8 days if 10 years service.
ReplyCrystal Graves
Jul. 15, 2021
Cierra & Becky, thank you both for your info! Another important question that I had ---Where do you benchmark your leave benefits...can you share the name or entity that you work with for benchmarking data?
ReplyBecky S
Jul. 15, 2021
We provide 120 hours accrual over the year for PTO use, rollover is limited to 160 hours and paid out for any time over 160 hours. All time is paid upon end of employment. Sick time is time is provided annually upfront of 40 hours, no payout and allows for continuous rollover.
ReplyCierra Mejia
Jul. 15, 2021
We offer 136.5 hours of pto for all full time staff. Part timers are prorated based on FTE. We offer 60 hours of sick time for full time and part timers prorated as well based on fte. For every five years of sick time, they receive and additional 37.5 hours (equal to one work week) of PTO. Pto is capped at 225 hours. Pto is paid out on resignations with adequate notice. Sick time is not capped but is never paid out
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