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Paid Time-Off Banks: Can They Save You Time, Money, and Headaches?

Event: 1480-HR


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COURSE DESCRIPTION:  You and your company’s managers know how frustrating it is when workers take unexpected days off. You either have to scramble to find temp help, push your staffs to pick up the slack, or risk missing critical deadlines and production quotas.

Companies can’t stop people from missing work, but you CAN do something to control the “unexpected” part of these absences – and avoid the administrative hassle of trying to keep track of sick leave, personal days, vacation time, etc.

The solution: Paid Time-Off Banks – a system that combines all time off (sick days, vacation, personal days, etc.) into one “bank” that employees can use however they’d like.

Here’s a fact that might surprise you: Two out of three employees who don’t show up for work aren’t staying home because they’re sick. They’re missing work to handle personal matters or because they just need a “mental health” day. In many cases, these missed days could have easily planned in advance – without the last-minute “I’m sick today … cough, cough” phone calls.

But PTO Banks aren’t for everyone. While a PTO plan has advantages for both employers and employees, it also comes with its share of challenges. This program will give you the facts you need to make an informed decision. You’ll learn how to:
  • Balance the gain for the organization (diminished time spent micromanaging the time of employees) with the gain for employees (added flexibility and privacy)
  • Connect PTO banks with your recruitment and retention efforts by adding flexibility to your organization’s “employer brand”
  • Debunk the most common myths associated with PTO banks and understand the financial and personal realities behind them
  • Perform a financial impact review of a change to a PTO plan
  • Assess compliance issues regarding implementation
  • Manage employee relations issues associated with the change
  • Manage the downside of the equation (for example, employees who use all their days for vacation and then end up taking additional unpaid leave when they get sick)
  • Determine when an employee’s PTO crosses over into taking time off for a serious illness that is covered by FMLA
  • Determine if you’re legally required to pay out all unused PTO days at termination -- and how employees can cash in, cash out, or roll over their PTO
ABOUT THE SPEAKER: Jennifer L. Berman is an attorney who has provided Human Resources Consulting services to organizations since 1995.  Jennifer was the Managing Director for the HR Advisory & Training Services group of CBIZ from 2005 through 2009.  In April, 2009, Jennifer established OAU Consulting to address HR issues challenging organizations in a new economy.  Jennifer has extensive experience consulting to middle market clients in a wide range of industries, including technology, real estate, government, construction services, agriculture, publishing, manufacturing, education, distribution, energy, advertising, banking, professional services, travel, graphic arts and not-for-profit.  Jennifer received her law degree from DePaul University College of Law and her undergraduate degree from Newcomb College of Tulane University.  Jennifer was admitted to both the Illinois and Federal bars in 1994 and received SPHR certification in 2001. Jennifer has been a featured speaker, commentator and panelist for national, regional and local associations, organizations and publications including MSNBC, Wall Street Journal, New York Times, WGN, San Jose Mercury News and the Chicago Tribune.

HRCI Approved HRCI CERTIFICATION: This program has been approved for 1.0 recertification credit hours toward PHR and SPHR recertification through the Human Resource Certification Institute (HRCI). For more information about certification or recertification, please visit the HRCI homepage.

Money-Back GuaranteeMONEY-BACK GUARANTEE: We're so confident you'll get what you want out of this conference that we'll refund your full fee if you’re not satisfied. It's risk-free.




Product Description Price Order
Recorded Value Pack CD-ROM (full presentation), Transcript (PDF), Audio CD $319.00 
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Full Webinar on CD-ROM CD-ROM (Self-contained Video & Audio presentation) $217.00 
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Audio Recording Only Audio CD $199.00 
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Written Transcript Only Transcript (PDF) $198.00 
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