If your state doesn't mandate printing paid time off benefits on paystubs, you can skip this step.
How to set up PTO plan:
- Example 1:
If the maximum paid sick time for one year is 40 hours (5 days), the PTO rate accrual by working hours should be 0.0192.
40 /(52 weeks * 40 hours)=0.0192
- Example 2:
If the maximum vacation for one year is 80 hours (10 days), the PTO rate accrual by working hours should be 0.0385.
80 /(52 weeks * 40 hours)=0.0385