One of the benefits that you are able to provide to your employees, whether they are current employees or a future potential employee, is paid time off. There are times when your employees will need to take off, but they may be worried that it will cost them a day without any pay. If you offer so many days of paid leave, the employee will be able to go take time off for being sick or get time to take a break and recharge. Some of the common paid time off that you can offer to the employees in their benefits package will include:
1. Paid time off: This is going to be the amount of paid time off that employees can use to schedule personal days off from work. The PTO is typically going to increase by a set number of hours that are accrued each pay period. It is possible to save these up to help the employee take more days off if they would like.
2. Paid vacation time: Vacation time accrual is sometimes offered instead of PTO, but you can provide both to your employees if you would like. PTO is often available for any time the employee needs off work for any reason while vacation is meant for time away for work for a vacation or fun.
3. Paid sick leave: Sick leave can allow the employee to have a certain number of hours off each pay period to help if they get sick. This helps them to not get anyone else sick and allows them to heal and recover without having to worry about getting paid.
4. Extended leave: If there is a medical reason, the employee may need to leave work for a longer period of time. Some employers will offer an extended leave benefit that helps to pay the salary of the employee for any time they need off over 15 consecutive days. The employer will often require some type of notice of the extended absence so that they have some time to plan if possible.
There are many different types of employee benefits that you are able to provide to your employees. The more benefits that you are able to provide to your employees, the more likely it is that they will stay with you and continue to do some of the work that you would like. With the help of employee benefits consulting firms, you will be able to find some of these benefits at an affordable price, helping to maintain your employees and save money at the same time.
