Paid time off (PTO) refers to a flexible leave policy that allows employees to take time off while still receiving their regular salary.
PTO encompasses various types of leave, including vacation days, sick days, and personal days, all combined into a single leave bank.
This approach gives employees more flexibility in how they use their time off.
For example, if an employee needs to take a day off for a personal errand, they can do so without having to specify whether it’s sick leave or vacation leave.
This system promotes work-life balance by allowing employees to manage their leave according to their individual needs.
