How to use PTO (paid time off) to reduce Absenteeism?
Paid time off (PTO) refers to the concept of fully compensating the employees while they are on leave. Many companies provide compensation to employees when they are on leave to promote work-life balance and to make employees feel less burdened by work. Paid time off refers to the situation where employees are on leave but their salary/wages are not deducted. For instance, any company provides 2 days off of work in one month to all employees, which the employees can use for various reasons, like vacations, sickness, parental reasons, etc. In this way, employees use their paid leaves to cover their problems, and thus, absenteeism is reduced. Paid time off ensures the least financial losses of the employees.