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Paid Time Off how long is it ?
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6 answers
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Alexandra’s Answer
PTO varies company to company. For example, at my company, I accrue about 6 hours of PTO every 2 weeks (pay period). At a max, I am able to have about 20-25 days of PTO per year but this doesn't include major holidays (like Christmas Day, 4th of July, Juneteenth, etc). After you have been working at the company for 5+ years, then your PTO amount goes by to like 30 days.. My company also gives Volunteer PTO to employees who want to volunteer and give back to their community, so we get about 5-10 days per year to do that.
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Katherine’s Answer
Hi Jamir - echoing Angela's answer, PTO accrual depends on your company, but in general there are a few different ways that employers offer PTO: accrual based on time worked, lump sum, or unlimited.
Accrual: The average starting value in the US is ten days of PTO, but many companies will offer more, and the longer you've been with the company, the more hours you should accumulate per units of time worked.
Lump sum: By contrast to accrued PTO, lump sum time off is deposited regardless of hours worked, and usually gets deposited to employees that the start of a company's fiscal year.
Unlimited: In the bay area I've found unlimited PTO to be common in startup culture, whereas larger enterprises often have a set number of hours that are earned per some unit of time worked. One caution about unlimited PTO - while it sounds incredible on the surface, it can sometimes be a double edged sword. Depending on the culture of the company, taking too many hours of PTO might be frowned upon. This means oftentimes people with unlimited PTO actually take the fewest days off, so don't let company culture shortchange your time off.
Side note about rollover: some organizations allow roll-over of accrued hours, others limit to one year. For groups that do allow rollover, note that there's typically a cap on the number of hours. Where I work, you can roll over years in a row, but if you go over 280 hours, the balance is capped there.
Accrual: The average starting value in the US is ten days of PTO, but many companies will offer more, and the longer you've been with the company, the more hours you should accumulate per units of time worked.
Lump sum: By contrast to accrued PTO, lump sum time off is deposited regardless of hours worked, and usually gets deposited to employees that the start of a company's fiscal year.
Unlimited: In the bay area I've found unlimited PTO to be common in startup culture, whereas larger enterprises often have a set number of hours that are earned per some unit of time worked. One caution about unlimited PTO - while it sounds incredible on the surface, it can sometimes be a double edged sword. Depending on the culture of the company, taking too many hours of PTO might be frowned upon. This means oftentimes people with unlimited PTO actually take the fewest days off, so don't let company culture shortchange your time off.
Side note about rollover: some organizations allow roll-over of accrued hours, others limit to one year. For groups that do allow rollover, note that there's typically a cap on the number of hours. Where I work, you can roll over years in a row, but if you go over 280 hours, the balance is capped there.
Updated
Angela’s Answer
Hello! Paid Time Off (PTO) is going to depend on the company you work for. Each company has different rules, options, ways to earn PTO, etc. Oftentimes, the company's process is set for you to accrue time, so every day you work, you earn time towards your PTO. Most of the time, the company will allow you to "roll over" time into the next year but you have to use a certain amount - which is why it's important to take that PTO!
When you start in your job, they'll give you some PTO already but as time goes on, you'll earn more.
If you are an hourly contractor, this may be different!
When you start in your job, they'll give you some PTO already but as time goes on, you'll earn more.
If you are an hourly contractor, this may be different!
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Madi’s Answer
Hi Jamir.
Paid Time Off (PTO) is different for every company. Some people have 2 weeks a year, some have 3 weeks, some even have unlimited time off. Note that PTO is different from sick days, which vary from company to company as well.
Paid Time Off (PTO) is different for every company. Some people have 2 weeks a year, some have 3 weeks, some even have unlimited time off. Note that PTO is different from sick days, which vary from company to company as well.
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Jocelyn’s Answer
Hi, depends on the company... The company I work for gives 2 weeks for new hires along with 40hrs of personal time. After 3 years you gain an extra week. However, I negotiated 3 weeks from the start because I had work for the company previously. Always keep that in mind as well.
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Geetha’s Answer
It really depends on the Company. Most of them have 3 weeks PTO along with 2 weeks of Sick leave.