HR Answers: It’s time to evaluate your time-off policy
A PTO program tailored to your organization’s needs can serve as a recruitment tool and show your employees you care.
With the end of the school year and the official start of summer right around the corner, many organizations are bracing for an inevitable rush of vacation requests. As employees start to take more days off than during much of the rest of the year, you will have a good view of how your time-off policy is being utilized—and the best way to revise it, if needed.
Two of the most common time-off policies credit unions use are a traditional time off policy and a general PTO policy. The traditional time-off policy separates leave into two different categories: vacation and sick time. With a general paid time-off policy, the reason for taking time off work is irrelevant. Employees can use their PTO when they are sick, going on vacation, taking care of a sick child or just because they need a break from work.
Deciding what kind of policy works best for your credit union is easy: The key is to have a policy that shows your employees you appreciate them, while also keeping your business needs covered.
Take a look at your current policy and consider how it’s being utilized. Here are some questions to consider:
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