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Paid time off, planned time off, or personal time off (PTO), is a policy in some employee handbooks that provides a bank of hours in which the employer pools sick days, vacation days, and personal days that allows employees to use as the need or desire arises.
Full-time, part-time, and temporary employees are covered and earn one hour off for every 40 hours worked. Although state law preempts local governments from creating their own requirements, companies with 6 or more employees must provide time off in Portland. [8] [9]
When people "take leave" in this way, they are usually taking days off from their work that have been pre-approved by their employer in their contracts of employment. Labour laws normally mandate that these paid-leave days be compensated at either 100% of normal pay, or at a very high percentage of normal days' pay, such as 75% or 80%.
Excessive time off: While the vast majority of employees are responsible, there’s a risk that some may take advantage of the system and take more time off than is reasonable, impacting overall ...
Along with improving your work-life balance, paid time off can boost your job satisfaction, productivity and finances. While some employers have flexible PTO policies or allow unlimited PTO, many...
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