Why Company's Should Have Paid Time-Off Benefits

Everyone needs a break from work once in a while. Whether you offer PTO in the form of a set amount of days per year to be used however the employee wants, or if you have specific vacation and sick time, these are great benefits that are given to your employees. There are a few different reasons to have paid time off for your employees.

1. Providing paid time off for your employees is not only a great benefit for the employees, but it also helps to make your organization more competitive in attracting and retaining highly qualified and talented employees.


2. Absenteeism is very costly to an organization, and by providing paid time off, an employee has the discretion to use the time for whatever he or she needs. Plus, having accrued vacation time throughout the year will help to reduce abuse of PTO. Even if your organization has separate vacation and sick time, accruing the time will help to reduce abuse because they will be able to plan their time and give them something to look forward to.


3. Not only does paid time off benefits attract and retain talented employees, but it helps management to predict when more coverage will be needed during a specific period of time. For example, some companies may have certain times of the year when they are so busy, they truly cannot have people on vacation during that time. For other times of the year, having employees schedule their vacation times will help to ensure there is always an adequate amount of staff at work.

Regardless of the type of paid time off benefits that you provide your employees, having a specific policy, that outlines how the time will be accrued, and guidelines for using the time off, will not only benefit your organization with higher morale and job satisfaction, but increased productivity.

Staff Files® HR software has helped thousands of managers and human resource professionals calculate and manage their employees time-off accruals, such as vacation, sick time, PTO, and holiday time, in addition to storing a complete employee record. Learn more and download a free demo of Staff Files today!