Paid Time Off Accrual
Not what you're looking for?
What is paid time off accrual? Why is it needed and how is it calculated?
Purchase this Solution
Solution Summary
This solution defines the concept of paid time off accrual and how it is calculated.
Solution Preview
Paid Time Off or PTO is a bank of hours from which employees can draw. Employers credit additional hours to their employees "banks", usually every pay period. Most US employers offer their workers 10 paid holidays, 2 weeks' vacation, two personal days, and 8 sick leave days per year. Under a PTO plan, the employees would be credited with 30 days paid time off instead (10+10+2+8).
On a bi-weekly pay schedule (26 pay periods per year) employees would accrue an additional 1.3 days of PTO every two weeks. Where a semi-monthly pay schedule is used (pay days on the 1st and 15th of each month) employees accrue 1.25 days PTO on each of the 24 ...
Purchase this Solution
Free BrainMass Quizzes
Learning Lean
This quiz will help you understand the basic concepts of Lean.
IPOs
This Quiz is compiled of questions that pertain to IPOs (Initial Public Offerings)
Motivation
This tests some key elements of major motivation theories.
Organizational Leadership Quiz
This quiz prepares a person to do well when it comes to studying organizational leadership in their studies.
SWOT
This quiz will test your understanding of the SWOT analysis, including terms, concepts, uses, advantages, and process.