Take it to the bank

Shepherd, Leah Carlson
November 2009
Employee Benefit News;Nov2009, Vol. 23 Issue 14, p1
The article offers tips on making a smooth transition by human resources (HR)/benefits professionals from a traditional time-off system to a paid-time-off (PTO) bank. According to Scott Stevenson, a director in the advisory practice of PricewaterhouseCoopers, there has been an increased interest in PTO banks in 2009 since companies now are focusing on the employee value proposition. It recommends anticipating any potential costs to the switch and getting employee feedback along the way.


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