PTO or Sick/Vacation? With Mandatory Paid Leave Gaining Ground, Which is Better for Your Organization?
Bob McKenzie is Keynote Speaker at ComplianceKey and He has over 40 years of human resources management experience. His background includes a wide range of hands-on HR practices including training and development, Equal Employment Opportunity, Affirmative Action Plan Development, development of compensation and incentive programs, performance management systems, recruitment, employee relations, union avoidance and labor contract negotiation. His working experience encompasses the manufacturing, banking, financial services, transportation, government, managed care, information technology and th........
Overview
PTO or a Paid Time Off programs 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 it's 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 this webinar?
- 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 the 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.
Areas Covered in the Session:
- Current mandatory Paid Sick Leave Laws 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
Who can Benefit:
- Human Resources Professionals
- Payroll administrators
- Benefits Professionals
- Business Managers
Webinar Id: CIFBM0004
Past Webinar of Bob McKenzie
