This class will give you the basics of PTO (Pooled or Paid Time Off) plans. We will discuss the philosophies behind implementing a PTO plan, how to determine whether or not a PTO plan might be the right approach for your organization, and give you an overview of the basics of how to develop, cost and implement a PTO plan.
Who Should Attend
HR professionals with responsibility for time off programs or benefit practitioners.
Learning Objectives
- Objectives of PTO, when is it a good fit and when it may not be.
- Plan design -- focusing on how to transition your traditional plans to PTO.
- Costing and how this compares to traditional plans.
- Implementation and communication.