Paid time off is one of the most desirable benefits, and often the most negotiated benefit for applicants. Whether the time is allocated in buckets of vacation, sick, and personal leave or lumped together under a single policy, a 2019 WorldatWork PTO study found that over 60% of employers design and market their PTO policy as a way to attract and retain employees.
Design, strategy, and company dollars continue to be redefined to create a competitive total rewards package encompassing base salary, wellbeing, benefits, recognition, and development promoting employers of choice. Companies large and small would do well to incorporate the following strategies into their compensation packages:
