Must Know Facts About PTO for Employers
Are you a business owner? You might be wondering how to appropriately give time off to your employees. Especially with the holiday season coming up, a lot of employees want to spend time with friends and family. How much time is necessary, and how do you implement appropriate standards for taking time off? We’ve got some answers for you!
Make employee wellness the top of your list!
To create a healthy work environment, your employees physical and mental health should be a top priority. Caring for your employees is the right thing to do and really improves the success of your business. Your team carries your business to the far places it will go, so you should prioritize their wellness.
Time off improves productivity.
Sometimes the weekend just isn’t enough to recharge. Day after day of long work hours can prove to be very taxing on the mind and body. Vacation days relieve stress and bring your employee back to feeling motivated. If you notice a lack in your teams efforts, maybe it’s time to give out a few rest days to rejuvenate their spirit.
How much vacation time should you give?
You’re probably trying to do the math on the days you’ll be missing out on your employees work. Don’t stress about this too much. If your employees are helping you to further your business, they should receive paid time off without damaging your funds. They deserve it after all! Of course this is subject to change for all businesses. The average paid time off for employers to give to their employees is 30 days. It usually breaks down something like this…
10 holiday days
10 vacation days
2 personal days
8 sick days
Holiday days include Christmas day, Thanksgiving day, and any other important holidays in your region. Vacation days are meant to give your employee a rest from work, and personal days are for when they just aren’t feeling themselves. Sickness is inevitable, so you should allow a few days for your employee to stay home and get back to their usual self.
Your employee is your priority, so their health and wellness should be also. Give your team time to rest, so they can come back with more pep in their step. We hope this helped you understand a bit more about paid time off and how it should be used. For more information about payroll and small business accounting, visit our other blogs or website here.
