MEA PAID TIME OFF (PTO) CONSULTING

What is PTO?

Paid Time Off (PTO) is a system of pooled leave designed to provide more flexibility to employees and ease the administrative burden of tracking time off. Instead of traditional paid leave, which is typically divided into vacation, sick pay, holidays, and/or personal days, PTO combines all paid leave into one account. Employers no longer have to determine which account from which to pay employees (e.g. “Was this a vacation day, or were they sick?”), and instead all time off is designated as “planned” or “unplanned” time.

How can MEA help you with your PTO programs?

Our consultants have helped many organizations successfully convert their traditional vacation and sick plans to PTO plans. When you work with MEA to design paid leave, our consultants will complete the following:

• Research the amount of paid leave other companies are providing and compare your current paid time off programs to the market to determine appropriate leave levels to ensure that your plan is market-competitive,
• Work closely with you to design several sample programs at differing benefit levels to find the plan that meets your organizational needs most effectively,
• Perform full financial analysis of all plans, so you understand how the plans will affect your budget,
• Determine appropriate rollover levels, accrual caps, plan years, and more, so the plan fits with your company culture and effectively limits your financial liability,
• Conduct focus groups or general employee meetings to ensure that your employees completely understand the new programs,
• Design communication materials, including PowerPoint presentations, personalized PTO statements, and time off forms to help communicate the plan to your employees, and
• Develop appropriate PTO policies and administrative guidelines.

For additional information, please contact Carrie Theisen, SPHR, MEA’s Sr. HR Consultant at 610-666-7330 or at ctheisen@meainfo.org