Studies have shown that Вѕ of small businesses give employees 10 days or less for vacation/holiday time, whereas KinвЂ™s customer base averages to about 12 days per year. Not sure how much time to provide to employees? HereвЂ™s some info to help you get started: ItвЂ™s up to each individual company to determine how many days off an employee receives, and how the time is given. Once youвЂ™ve identified the different types and categories of time-off policies youвЂ™ll be implementing, youвЂ™ll need to determine how much time to actually give per category and asВ a whole.

That being said, breaking out the different time off categories into their own policies is your best bet! Breaking out the categories will not only keep you compliant with your stateвЂ™s laws, but youвЂ™ll also have a wealth of valuable data to review for trends and usage of the time used. However in recent years, many states have passed laws regulating company sick leave policies. For many years, the trend for providing time off was to give a вЂњbankвЂќ of time the employee can use for personal, vacation, and sick leave.

Now that youВ know the different types of policies, letвЂ™s talkВ about the different categories of time off you can track.

Have a conversation, check-in, or even send a survey to get a feel of what they value and see as fair in terms of paid time off. Thus,В they may not take any time or little time off as possible.ДЄ great place to start is by gathering your teamвЂ™s feedback on a time-off policy. Studies have shown that employees with a вЂњuse it or lose itвЂќ time off policy are more likely to use all of their given time.В When policies leave room for ambiguity, such as when vacation days are unlimited and go untracked, employees tend to err on the side of appearing industrious. Here are some things to consider to help you make that decision: YouвЂ™re probably now thinking, вЂњwhatВ policy is best for my team?вЂќ For example, if a policy allows for up to five days of carryover and an employee has eight days left in their balance at the end of the year, theyвЂ™d carryover a total of five days to the new year and would lose the remaining three days. On this date, an employeeвЂ™s balance will reset and any applicable carryover will be applied.Д¬arryover is the amount of time an employee is able to transfer over to a new yearвЂ™s balance. Policies are commonly renewed on the first of the year, an employeeвЂ™s anniversary date, or a custom date, such as the companyвЂ™s fiscal year. Two major pieces to think about are when aВ policy renews and carryover time. On top of policy types, there are a couple of additional configurations for a time-off policy youвЂ™ll want to set. Unlimited policies:В employees arenвЂ™t given a fixed number of days to use, rather they can use as much time as theyвЂ™d like. Upfront policies:В employees receive a fixed number of days at the beginning of a work year.ДЄccrual policies:В employees earn a set amount of time on a daily/weekly/monthly basis. Time-off policies tend to fall into one of three types: There are a variety of policies that can work for any one company, but no matter which policy is implemented it must be fair to the employees and the employer.

How Companies Can Encourage Employees to Take Time Off.

In this post, youвЂ™ll find aВ quick overview onВ the following: Not only is it important to your existing employees to have an easy-to-understand policy, but also to any potential candidates joining your company. This makes it evenВ more important to have a well-communicated policy in place. As an employer, you want a team thatвЂ™s motivated and productive at the workplace.В Providing ample time off allows employees to stay refreshed and have a good work-life balance, thus performing their best at work.ДЄs youВ begin to create a policy for paid time off, keep in mind that PTOВ is a piece of an employeeвЂ™s compensation package.

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