Evaluating Your Paid Time-Off Strategy: PTO Or Traditional Vacation & Sick Pay?

Working in HR today requires managing the challenges of paid time off plans. While some PTO plans work well and employees are happy and satisfied with how the plan works, others can be expensive and even cause negative or cultural issues when some employees “call in sick” – even when others know they aren’t really sick and have to work harder to cover for a co-worker who is absent.

Unfortunately, unscheduled absenteeism is costing employers a bundle: on average 2.8 million work days each year due to unplanned absences - at a cost of more than $74 billion a year

Regardless of an employee's need to take time off from work, supervisors and managers are left with "holes" in work schedules. And, over time the frustration builds when it becomes more difficult to accomplish organizational goals with so many unscheduled absences. This not only creates friction and resentment, but it can easily lead to interference and retaliation claims under the FMLA.

Learning Objectives

In this informative audio conference, we’ll explore the pros and cons of traditional paid time off plans vs. the more contemporary PTO bank type of plan. We’ll also take a practical and comprehensive look at how a properly designed, implemented, and communicated PTO bank can be a win-win proposition for both you and your employees.

By the end of this session, you will be able to:

• Recognize the fundamental differences between a Traditional Plan and a Paid Time Off bank to take a more strategic approach ing making an organizational change
  
• Learn the critical factors to consider when creating or changing a PTO policy - and how it can positively or negatively affect your organizational culture
  
• Structure a PTO policy in conjunction with federal employment laws such as FMLA, OSHA, ADA, and the FLSA
  
• Discover how to handle carryovers and cash out options - especially in states that require payment on unused vacation and personal time at termination (such as California and Illinois)
  
• Assess, design, communicate, and implement a cost-effective PTO plan for your company

Natalie Ivey is President and CEO of Results Performance Consulting, Inc., a firm specializing in leadership and employee development training and continuing education programs for the HR profession.

Ms. Ivey is an author and a national public speaker with more than two decades of leadership and HR management experience with Fortune 500 organizations. She is a member of the Society for Human Resource Management and holds the Senior Professional in Human Resources certification (SPHR). Ms. Ivey is a nationally-known speaker on a variety of topics within the HR profession and is known for her "tell-it-like-it-is", direct approach to teaching HR education.

Ms. Ivey routinely works with individuals, small businesses, and larger corporations to address destructive leadership behaviors and organizational dysfunction. She designs customized training programs to help employers correct poor behaviors, minimize legal exposure, and improve performance and profitability.

HRCI Credits

This program has been approved for 1.5 re-certification credit hours for HRCI's PHR and SPHR designations through the HR Certification Institute. For more information about certification or re-certification, please visit the HR Certification Institute website at hrci.org. The use of this seal is not an endorsement by HRCI of the quality of the program. It means that this program has met HRCIs criteria to be pre-approved for re-certification credit.

SHRM Professional Development Credits

This program is valid for 1.5 Professional Development Credits (PDCs) for the SHRM-CP or SHRM-SCP designations. For more information about certification or re-certification, please visit shrmcertification.org.

Cannot Attend The Live Presentation?

This presentation is also available in a recorded format, in On-Demand version, as shown in the pricing options below.

Webcasts, audio conferences, and podcasts are presentations that you attend via the Internet, phone, or mobile device at a specified date and time for "live" versions, or at your convenience for "recorded" and "On-Demand" versions.

The live versions are interactive, meaning that participants can ask questions in real time, plus are a very cost-effective form of training because 1) you receive fast, convenient learning without any out-of-office time; 2) you can invite as many colleagues as you'd like to listen in on a single phone line; 3) you incur no travel expenses; and 4) you and your colleagues are back at work immediately after the session ends!

And though with recorded versions you do lose the ability to ask questions, you gain the ability to hear the presentation numerous times and to share it with others in your office.

Handout materials and the phone number for live presentations are made available to you prior to the event via email from the presenter and from the "MyAccount" link on the menu bar. Copies of the presentations are included with recorded versions.