To PTO or Not, That is the Question!
The decision to implement a PTO plan vs. traditional vacation and sick leave is often not an easy one. Not only does your choice have an impact on your employees, but there are other operational, accounting, and compliance ramifications as well. In this session, we'll discuss the pros and cons of both , as well as the practical implications on daily HR practices including FMLA, disability leaves, payroll systems, and accounting issues. And in the aftermath of COVID and the numerous supplemental paid time off laws that have been passed, HR is taking an even harder and new look at this distinction.
We'll also visit the complications that can arise in states whose wage and hour laws have an impact on how plan accruals and payouts work. In this interactive and informative session, we'll help show you what makes a good PTO plan and where are the potential downfalls.
Come away better equipped to decide which method is best for your company given the complex and ever changing employment law landscape.
Learning Objectives:
- A description of the essential elements in good PTO, vacation, and sick plans.
- A discussion of the pros and cons of PTO vs. traditional vacation and sick.
- What makes for a well-designed plan.
- What are the common errors that companies make in designing and administering their time-off plans.
- Which states have laws that will impact the plan design and administration.
- How time-off plans impact and influence FMLA and other disability leaves and policies.
- How best to administer and track time-off plans in payroll and accounting.
- A discussion of the new trend in offering unlimited PTO.
- How this analysis has changed since the advent of COVID supplemental sick leave laws.
In-person session offerings are on a first-come, first-served basis.
Lauraine Bifulco
Two themes are woven throughout Lauraine Bifulco's diverse career: a passion for a job well done and a zest for continual learning and improvement. Lauraine infuses Vantaggio HR with these qualities every day. When she founded the firm in 1994, Lauraine combined her rare talent in understanding what a client needs and her gift of business foresight to create a company that can service the HR and management consulting needs of small and large companies equally well. Today, Vantaggio serves clients across the country from their offices in California, Hawaii, Colorado, and New York.
Her Career experience helps employers realize their HR goals and adapt to the shifting HR landscape. Lauraine is a veteran HR executive and entrepreneur with 25 years of international, corporate, and consulting experience. Her bold career has taken her to employment and business opportunities in Europe and multiple U.S. cities. She serves as co-chair of the California Small Business Administration's committee on Labor Issues which reviews and makes recommendations on pending labor/employment laws, keeping her abreast of legal developments.
Delivering over 30 presentations and webinars each year, Lauraine is a well-respected, and highly sought after guest lecturer and speaker on a variety of business management and HR-related topics for both state and national organizations including Society for Human Resource Management (SHRM), Professionals in Human Resources Association (PIHRA), American Payroll Association (APA), Next Concept HR Association (NCHRA), Paylocity annual Elevate Conference, and HR Star Conference to name a few. She has been invited to review, develop, and deliver certificate programs for SHRM, and has developed and delivered curriculum for businesses throughout the U.S.
Lauraine received a bachelor’s degree from Wellesley College and conducted graduate level studies in linguistics at the Sorbonne in Paris.