Question

A program that combines sick leave, vacations, and holidays into a total number of hours or days that employees can take off with pay is called a(n) _____ plan.

Answer 1

A program that combines sick leave, vacations, and holidays into a total number of hours or days that employees can take off with pay is called a(n) paid time-off plan.

More about paid time-off plan:

Paid Holidays Paid time off, also known as PTO, is leisure time that staff members use for personal activities while away from the workplace (and earning regular salaries). Depending on the size, structure, and industry of a particular firm, PTO policies can be set up in a variety of ways.

A worker with 10+ years typically receives 24 paid vacation days plus 6 paid holidays. This is the same as 30 paid vacation days are its benefits.

Why to choose paid time-off over others:

• There are no actual out-of-pocket expenses unless: you pay them at termination or you need to hire more workers to complete the assignment.

• Costs are typically expressed as lost productivity (losing hours).

Learn more about paid time-off here:

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