At [Company Name], we value the well-being and work-life balance of our employees. This comprehensive Paid Time Off (PTO) policy is designed to provide flexibility and support for our team members while ensuring the smooth operation of our business.
The purpose of this policy is to outline the terms and conditions under which employees can accrue and use paid time off for vacation, personal days, and other non-work-related absences.
This policy applies to all full-time and part-time employees of [Company Name], unless otherwise specified in individual employment contracts or collective bargaining agreements.
PTO accrual rates are based on length of service and employment status:
| Years of Service | Full-Time Employees | Part-Time Employees (20+ hours/week) |
|---|---|---|
| 0-2 years | 120 hours (15 days) per year | 60 hours (7.5 days) per year |
| 3-5 years | 160 hours (20 days) per year | 80 hours (10 days) per year |
| 6+ years | 200 hours (25 days) per year | 100 hours (12.5 days) per year |
PTO is accrued on a per-pay-period basis. The accrual rate is calculated by dividing the annual PTO hours by the number of pay periods in a year.
Employees can accrue up to 1.5 times their annual PTO allowance. Once this cap is reached, no additional PTO will accrue until some time is used.
New employees begin accruing PTO from their first day of employment but are not eligible to use PTO until after completing 90 days of continuous employment.
Employees must submit PTO requests through the company's designated time-off management system. Requests should be made at least two weeks in advance for planned absences of 3 or more consecutive days.