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

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% 2007 2009 2011 2013 2015 MOVING YOUR BUSINESS FORWARD

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  Paid Time Off (PTO) P id Ti Off (PTO)  To be used anytime an employee is absent from work absent from work. MOVING YOUR BUSINESS FORWARD

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?  Administration Ad i i t ti  Vacation vs sick leave  Work/life balance Work/life balance  Next generation workforce MOVING YOUR BUSINESS FORWARD

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 MOVING YOUR BUSINESS FORWARD

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