PTO or a Paid Time Off program that combined vacation and sick leave into one bucket of time off was the trend for many years. Transitioning from a Sick/Vacation plan to a PTO has its complications, but proper planning and communication will ensure its success.
On the other hand, due to mandatory paid sick leave laws, many organizations are considering moving away from PTO back to a Sick/Vacation plan. Ten states require paid sick leave. Eighteen states will pass new legislation soon to require businesses to offer paid sick leave to employees. Other states will follow suit in the next year or so and a Federal Law requiring paid sick leave seems to be getting closer and closer to being passed.
In addition to state laws, many municipalities also require paid sick leave. Do you have a Federal Contract? If so, you are required to have a sick leave policy. Do you have a contract with a municipality? If so, have you checked to see if you have to offer paid sick leave?
With the passage of these laws, PTO may become obsolete as many states require payment of unused PTO upon termination, however, the same states do not require payment of unused sick leave.
In this webinar, we will be reviewing the transition from a Sick/Vacation policy to a PTO policy as well as making the transition from a PTO plan to a Sick/Vacation plan.
WHY SHOULD YOU ATTEND?
- With the above-described legislation, changes must be made to time-off policies.
- Multi-State employers need to know what the compliance requirements are – by the way, each state and municipality have different rules for accrual of sick leave and the reasons they can be used.
- Under mandatory paid sick leave, abuse will become a huge problem – how will your organization deal with it.
- Compliance is not difficult if you know what you are doing.
AREA COVERED
- Current Mandatory Paid Sick Leave Laws are in place.
- A review of pending legislation.
- A comparison of PTO policies vs. Sick/Vacation
- Conducting a cost-benefit analysis for both plans
- Planning for change
- Communication the change
- Action Items for participants
LEARNING OBJECTIVES
- Gaining an understanding of the various states and municipalities mandating paid sick leave
- Understanding the good points and not-so-good points about both types of paid leave
- Learning how to do a cost benefits analysis on both types of paid leave
- Learn what to look for when planning the change
- Effectively communicating change that is critical to the success of the change in your program
- Developing a plan of action to ensure all bases are covered.
WHO WILL BENEFIT?
- Human Resources Professionals
- Payroll administrators
- Benefits Professionals
- Business Managers
- Business Owners
- With the above-described legislation, changes must be made to time-off policies.
- Multi-State employers need to know what the compliance requirements are – by the way, each state and municipality have different rules for accrual of sick leave and the reasons they can be used.
- Under mandatory paid sick leave, abuse will become a huge problem – how will your organization deal with it.
- Compliance is not difficult if you know what you are doing.
- Current Mandatory Paid Sick Leave Laws are in place.
- A review of pending legislation.
- A comparison of PTO policies vs. Sick/Vacation
- Conducting a cost-benefit analysis for both plans
- Planning for change
- Communication the change
- Action Items for participants
- Gaining an understanding of the various states and municipalities mandating paid sick leave
- Understanding the good points and not-so-good points about both types of paid leave
- Learning how to do a cost benefits analysis on both types of paid leave
- Learn what to look for when planning the change
- Effectively communicating change that is critical to the success of the change in your program
- Developing a plan of action to ensure all bases are covered.
- Human Resources Professionals
- Payroll administrators
- Benefits Professionals
- Business Managers
- Business Owners
