It used to be typical for companies to offer both paid time off and vacation separately, but some have switched to a flexible setup that includes everything in one.
Examples of Paid Time Off
– Federal Holidays
– Vacation
– Sick Time
– Medical Leave
– Jury Duty
– Bereavement
– Parental Leave
– Military Duty
– Voting Time
– A Sabbatical
What is the Difference Between PTO and Vacation Time?
PTO and vacation time are often used interchangeably but are two different types of time off that your employer can offer.
Unlimited PTO is another benefit that some employers have started to offer. This trust-based structure allows people to take time off when they need it.
Why Aren’t People Using Their PTO?
Some are hesitant to take time off because their managers don’t support it. They are afraid of what it might do to their reputation and chances of getting a promotion.