If your company is still segregating paid time off (PTO) into the traditional silos of sick leave, vacation time and personal time, maybe you should review your policy manual.

The tide is turning strongly in the direction of combining all types of paid time off into a single bucket, says WorldatWork, a benefits association. It recently surveyed its members to see where they are today compared to 2002 on their treatment of PTO.

The result: The single-bucket crowd has grown to 43 percent from 28 percent during that time.

Continue Reading for Free

Register and gain access to:

  • Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dan Cook

Dan Cook is a journalist and communications consultant based in Portland, OR. During his journalism career he has been a reporter and editor for a variety of media companies, including American Lawyer Media, BusinessWeek, Newhouse Newspapers, Knight-Ridder, Time Inc., and Reuters. He specializes in health care and insurance related coverage for BenefitsPRO.