Transition to Paid Time Off Transition to Paid Time Off Missouri - - PowerPoint PPT Presentation

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May 03, 2023 133 likes •205 views

Transition to Paid Time Off Transition to Paid Time Off Missouri Association of Electric Cooperatives p March 2015 March 2015 2015 Benefits Survey PTO Plans PTO Plans Distribution Cooperatives National 25% 20% 15% PTO Plans 10% 5% 0%

SLIDE 1

Transition to Paid Time Off Transition to Paid Time Off

Missouri Association of Electric Cooperatives p

March 2015 March 2015

SLIDE 2

2015 Benefits Survey

PTO Plans

25%

PTO Plans Distribution Cooperatives National

15% 20% 10%

PTO Plans

0% 5% MOVING YOUR BUSINESS FORWARD 2007 2009 2011 2013 2015

SLIDE 3

Traditional “paid” time off

Vacation:
To be used for time away from work
Sick Leave:
To be used when sick or caring for

a sick “family” member

P id Ti Off (PTO)

Paid Time Off (PTO)
To be used anytime an employee is

absent from work absent from work.

MOVING YOUR BUSINESS FORWARD

SLIDE 4

Paid Time Off (PTO)

Why change?
Sick leave liability
Paid out or not paid at retirement!
Sick leave utilization
Sick leave utilization
What happens when employees call in

sick?

Ad i i t ti

Administration
Vacation vs sick leave
Work/life balance

Work/life balance

Next generation workforce

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SLIDE 5

Paid Time Off (PTO)

The transition:
Communication is key
What to do with existing sick leave
Paid at retirement
Not paid at retirement

How much leave do we grant?

How much leave do we grant?
Do we provide greater leave for new

employees vs traditional plan? employees vs traditional plan?

Group discussion

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SLIDE 6

NRECA National Consulting Group Daniel Bruning Sr Principal Daniel Bruning, Sr. Principal NRECA National Consulting Group 3606 N 156th Street 3606 N 156th Street Ste 101-313 O h NE 68116 Omaha, NE 68116 (402) 266-1185 D B i @ Dan.Bruning@nreca.coop

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