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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
DEWS
DIFC Employee Workplace Savings (DEWS) is a savings and investment scheme introduced by the Dubai International Financial Centre (DIFC).
Digital nomad
Someone who performs their occupation entirely over the internet while traveling.
ACH
(Automated Clearing House) or ACH transaction, is an electronic bank to bank money transfer.
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