Having a formal, written paid-time-off policy is important for any business. The implications of your policy are various. They can have a very real impact on employee morale, and a good PTO policy can even be a powerful tool for staff recruitment and retention. At the same time, PTO obviously affects your bottom line, and there are some hard, mathematical decisions you have to make as you consider what to include or not include in your company’s approach.Different types of PTO
Here is one consideration to make: For years, many companies have broken down their employees’ PTO days into different classifications:
