Unlimited paid time off (“PTO”) is one of the new “it” workplace policies. Adopted as both a means to attract and retain employees as well as to avoid having to coordinating and track specific grants of paid PTO or vacation– a task which can be arduous, particularly for smaller businesses – some employers have done away with traditional accrual-based PTO and vacation policies and instead offer employees the opportunity to take as much PTO as they wish. Under these policies, employees can technically take as many paid days off as they choose, for any reason, including vacation, sickness, or personal reasons. Some may think this makes great sense, and others may think it is crazy. To a certain extent, these policies are a bit of both. Before deciding to implement an unlimited PTO policy, it is important that employers consider the potential benefits and drawbacks of such a policy and have a clear plan for implementation. Be...
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