Paid time off or personal time off (PTO) is a policy 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.
1. Accrue hours based on time
Example: 1 hour per day
Example: 40 hours per year
2. Accrue hours based on hours worked in a pay period
Note: This option only works GOING FORWARD.
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