Study Sees Growth in Paid-Time-Off Bank Use By Employers Instead of Allocated Leave Time

While most employers still allocate paid leave for workers by type, such as sick leave or vacation time, an increasing share are moving to a paid time off bank (PTO) system, in which employees have a set number of days of leave they may use for any reason, according to survey results released June 30 by WorldatWork.

The survey, conducted between Feb. 17-March 5 among 1,036 human resources professionals who were members of the Scottsdale, Ariz.-based HR organization, found that 54 percent of respondents said they provided a traditional leave system with vacation time, sick leave, and personal leave, while ...