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Strategic compensation

Development paid time off polices

1) Integrated paid time off polices
2) Sabbatical leave
3) Volunteerism

Explain each point with example.

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Development paid time off polices

1) Integrated paid time off polices

The integrated paid time off policy mean that a bank of hours from which an employee can draw is given. Usually, the employers credit additional hour to their employees "banks" every pay days. So instead of 8 paid holidays, 10 days vacation, 10 sick leave days, and 2 personal holiday days, under an integrated plan the employee get 30 days of paid time off. This policy helps attract good employees ...

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Strategic compensation is discussed in great detail in this solution.

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