If you have employees in your small business, you may be wondering how to handle time off. Some business owners provide employees with a certain amount of vacation time and a different number of sick days. Others are combining these days into what they are calling paid time off (PTO). It then lies on the shoulders of the employees how they are going to use those days.
In 2016, 43 percent of companies offered PTO instead of separate banks of time. Another report said that number rose to 51 percent when only looking at private companies, including small businesses.
While there are certainly benefits to the employer who offers PTO, there are also drawbacks. It doesn’t necessarily stop workers from calling off habitually. It may encourage others to work when they are sick instead of burning through time they want to use for vacation. There can also be problems if an employee runts out of time.
One solution is to allow workers who are too sick to be around the office but not too sick to work to do their jobs from home. How a small business owner chooses to offer time off is dependent on many factors, including the personality and reliability of their employees.
If you are looking for ways to streamline your small business operation and get back to doing the work you need to do, reach out to our team. We will talk with you and discuss how our services can best assist the success of your business.