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July 17, 2017

Sick day? Vacation day? Just call it PTO

  • Forty-three percent of companies offered paid time off in 2016, up from 28 percent in 2002.
  • By JOYCE M. ROSENBERG
    AP Business Writer

    NEW YORK — At small businesses this summer, many owners won't be trying to figure out whether employees will be counting it as vacation time, personal days or sick leave when they send texts or emails that say, “I'm not coming in today.”

    A growing number of companies combine vacation and sick time into one bucket called paid time off, or PTO. Staffers decide whether they're going to use the days for vacation, when they or a relative is ill, or for family events.


     
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