A recent report from WorldatWork suggests that you might be losing out on key talent if your company still makes new hires wait between one and three months before using their paid time off (PTO).
According to the report, 56 percent of companies allow employees to begin using their PTO the day that they are hired, while a further 9 percent allow them to start taking off at the beginning of the next pay period. However, 23 percent make employees wait 90 days, and a further 3 percent make them wait a staggering six months.
Therefore, if you are in the minority of employees who has a prolonged PTO wait period, you might want to consider making sure that you keep up with your peers and offer PTO pronto!
HR Morning notes that offering PTO from the get-go does put some pressure on payroll to process that employee quickly and get the tracking right, but having managers encourage their direct reports to look at the time accrued info on their pay stub after each pay period will help identify any problems as soon as they take place.