PTO (Paid Time Off) Policy for Hourly Employees - 5 Key Components

5 Key Components that make up the PTO (Paid Time Off) policy for hourly employees and impact PTO balance calculations.

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Typically, a PTO policy would address the following aspects and they are implemented in the templates from indzara.com.
1. Probationary Period: Is there a probationary period for an employee where PTO is not accrued?
2. Accrual Period: How frequently and when does the PTO accrual happen?
3. Accrual Rate: How much PTO does an employee accrue during each period? Does it change by Tenure?
4. Rollover Policy: Can balance from one year be rolled over to the next year? If so how much and when?
5. Max Balance: Is there a maximum balance that an employee can carry at any time?
Now, let’s look at each of them in detail.

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