PTO banks

PTO banks refer to a system where employees' paid time off—such as vacation, personal days, and sometimes sick leave—is combined into a single pool. Instead of separate categories, employees draw from this unified bank for any time off they need. This approach offers flexibility, allowing workers to use their accumulated leave as needed without strict categorization, while employers can better manage staffing and leave costs. It simplifies record-keeping for both parties and can promote a culture of taking appropriate time off when necessary.