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Posts Tagged ‘personal time off’

Sick Days, Personal Time, Holidays & Vacation? Why Not ‘Free Time Off’ Instead?

palm treesLet’s wrap up the week on a fun note, shall we?

When we read this piece on Forbes, we soared into the air with delight. (Okay, more like a little leap of joy but we digress.) Could this perhaps be a trend for other companies to follow?

According to Craig Malloy, CEO of Bloomfire, a social knowledge base application that enables teams to find, share and create contentstaid corporate vacation and sick leave policies are ancient.

Remarking they “have always seemed silly to me,” the executive at the Austin-based company poses the million dollar question: “Why do our colleagues in Europe get far more vacation than Americans?”

Plus, considering more and more companies are forcing employees to use vacation days when they’re sick by lumping them into a PTO category (as in paid time off), people to come into work when they’re feeling sick and simultaneously spread their germs. Read more

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Get This: Some Companies Offer Unlimited Personal Time Off! Here’s the Catch: Survey Says Perk is Among Minority of Employers

Want more vacation time? As PTO (paid time off or personal time off) requests kick into high gear at your employer, chances are several employees may be counting their days to ensure every moment is spent. Even if they need a mental health day for a staycation, time is typically tracked and accounted for, and prudently used.

Well, this piece in today’s New York Post got us thinking. How sweet would it be to have unlimited PTO? For instance, ZocDoc, the NYC-based online medical appointment Web site, offers unlimited PTO. This includes vacation, personal and sick days without an old-fashioned accrual system.

Don’t get too excited. The piece pointed out last year’s survey by the Society of Human Resources indicated only one percent of businesses across the country actually offer this perk to its employees. Read more