What Does PTO Mean in HR Terms?

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Very simply put, the acronym "PTO" means "Paid time off." Learn what PTO means in human resources terms with help from a business consultant in this free video clip.

Part of the Video Series: Finance & Business Advice
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Video Transcript

Hi, my name is Alexis Guerreros. I'm a business consultant. Today, I'm going to talk to you about PTO, when it comes to HR terms. PTO very simply means "Paid Time Off." Now, why this is important is if, let's say you need a break from work, taking the family on vacation, or simply want to take a few days off to yourself, you need to understand how much paid time off you have. Now, I know some companies will just give you some time, typically about two weeks right when you start, or at the beginning of every year, that you can use any time you want. Some companies are doing it a little differently. They'll give you maybe a small base, maybe one week, but the rest you accrue or earn over time. Now, what that means, and the way some companies work, is that every month that you're employed, you earn an additional day off. So, one month equals one day off, or one PTO day off. So, if you've worked for the company for six months, you probably have and accrued six days that you can take off. So, say you're planning a vacation, maybe need some time off, or maybe a family member got sick, go to your HR person and find out what your PTO - your Paid Time Off - is. If it's a little lower than you expected, find out how you earn that. Might be important for the next time you need to take some day off. Enjoy!

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