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PTO
PTO stands for Paid Time Off.
PTO stands for ‘Paid Time Off’ and references paid time that an employer is required to provide to employees. Each country has different paid time off minimums, and companies are required to comply. Employers may opt to provide the minimum requirement as per local law, or they may offer above what is required. Companies will have a PTO policy that outlines how PTO is administered: how it’s accumulated, how it is to be used, and how it is applied for and approved.
Related Glossaries
Remote hiring
Process whereby all interviews are conducted not in person, but rather over platforms such as zoom.
Relocation
Employers may require employees to relocate to another city or country as part of a job offer.
IR35
A United Kingdom’s anti-avoidance tax legislation and applies to those working ‘off payroll’.
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