Market Areas > Human Resources > PTO Banks

Reduce Unscheduled Absenteeism with PTO Banks

Course Description:

Did you know unscheduled absences cost large companies an estimated $850,000 per year?  That’s an average of $660 in added costs per employee per year.  Not to mention the cut in productivity and increased strain on employees who do show up for work as scheduled. 

Stats also show that 65 percent of employees who fail to show up for work aren’t absent because they’re ill.  In fact, they’re using this unscheduled time off to handle family issues or take care of personal needs.

With the rate of unscheduled absence the highest it’s been since 1999, many employers are turning to paid time off or PTO banks to help solve this problem.  But PTO programs don’t come without risks. They can increase the overall time off employees take and unfortunately employees tend to view all PTO time as vacation and come to work sick—spreading germs throughout the ranks.

Join CCM for a practical and comprehensive look at PTO banks.  You’ll find out how a properly designed, implemented and communicated PTO bank can be a win-win proposition for both you and your employees.  Plus, you’ll:    

• Get the basics on how to assess, cost justify, design, communicate, and implement a cost effective PTO program for your company
• Learn themes and messages to employ to help overcome resistance to change and obtain managerial and employee buy-in
• Develop practical formulas to use when conducting the financial analysis
• Hear case studies to help you learn from other companies’ experiences and avoid their mistakes
• Get national survey stats on PTO use and its effectiveness
• Understand record-keeping requirements for accrual, eligibility, and usage
• Develop strategies to improve your recruitment and retention by offering PTO
• Find out how time-off policies interact with other laws, such as FLSA, FMLA and ADA
• Discover alternative ways of designing carryovers and cash out provisions —including in states that require payment on unused vacation and personal time at termination (such as California and Illinois)

FEATURED FACULTY:

Robert Clarke, Principal, Absence Management Group
Mercer Health & Benefits
Rob is responsible for providing absence management initiatives and services for this specialty practice in the Western region of the organization.  Rob has particular expertise in generating innovative and proactive return-to-work and stay-at-work programs and solutions.  This includes providing assistance with:  assessing and improving leaves of absence and time-off programs; implementing advocacy programs and transitional work programs; and ADA compliance.   

George Faulkner, Principal, Mercer Health & Benefits
George serves clients nationally as part of Mercer’s Absence Management specialty consulting practice.  He has consulted with large and medium size employers across such industries as banking, manufacturing, insurance, health care, telecommunications, nonprofits, and high technology on paid time-off and disability program strategy, and specializes in financial impact and utilization analyses, including the full economic impact of lost time.

MONEY-BACK GUARANTEE:

We're so confident you'll get what you want out of this conference that we'll refund every penny if you're not completely satisfied. No questions asked! It's 100% risk-free!

Pricing:

Order the CD!
Your CD recording includes the complete audio conference presentation, audience Q&A and presentation materials.

APPROVED FOR RECERTIFICATION CREDIT:

	HRCI - Receive 1.5 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 at www.hrci.org.
	APA Approved Provider: Receive 1.5 RCH by attending!