New PTO Policy - Effective January 1, 2022
Hi Team!
I wanted to let you all know about some upcoming changes to our PTO policy, effective January 1, 2022. Some of the changes will be quite different from our current policy, so I hope to answer most of your questions with this post.
What’s changing?
PTO will be accrued each pay period instead of being available all at once on January 1st.
You can only use the PTO you have accrued. - No negative balances.
You will be able to put ALL remaining 2021 PTO into your own PTO Bank and accrue up to 216 hours.
Beginning December 2022 - you will have the opportunity to “cash out” a portion of your PTO bank (if you have enough remaining) at a reduced cash out rate.
If you leave GSCC you will receive any remaining PTO on your last paycheck.
What that means for each of you:
You will not lose 2021 PTO if you don’t use it - All remaining PTO will be rolled into your PTO Bank.
You will NOT have the full annual amount of PTO for 2022 in January, so you will need to make sure that you have enough PTO available should you choose to take some days off in January. - Remember: You can only use the PTO you have accrued - so plan carefully!
The requesting process will still happen in E-Self-Serve (I will send updates if there are any changes with the process).
We still need at least 2 weeks notice for planned absences.
Please review the attached policy and read thoroughly. I am happy to answer any additional questions you may have so feel free to reach out to me!