If your company is still segregating paid time off (PTO) into the traditional silos of sick leave, vacation time and personal time, maybe you should review your policy manual.
The tide is turning strongly in the direction of combining all types of paid time off into a single bucket, says WorldatWork, a benefits association. It recently surveyed its members to see where they are today compared to 2002 on their treatment of PTO.
The result: The single-bucket crowd has grown to 43 percent from 28 percent during that time.
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Dan Cook
Dan Cook is a journalist and communications consultant based in Portland, OR. During his journalism career he has been a reporter and editor for a variety of media companies, including American Lawyer Media, BusinessWeek, Newhouse Newspapers, Knight-Ridder, Time Inc., and Reuters. He specializes in health care and insurance related coverage for BenefitsPRO.
