Paid time off in the United States

So looking to see if they offer a match on the 401k benefit is definitely something to take into consideration because a higher salary without a match might not end up being more money.

The next thing to look at is PTO.

So Obviously, we want to compare the number of days, but we also want to see how the PTO is accruing and whether or not holidays are separate and whether unused time rolls over or pays out because time is money too.

Time is sometimes more valuable than money, in my opinion, as well.

And other benefits to look at when it comes to an offer are life and disability insurance, HSA or FSA opportunities, HSA or FSA contributions from the employer.

So really just on all of these that I just talked about, it's really what is your overall growth potential look like for you at this particular role in this company? Because you might have some future compensation that you might be better off at this particular company versus another one as you're looking at the overall picture.

So just to put all of this together, we just went through the costs that a job could have on you.

So do they offer health care? What's the commute situation? Are you going to have to pay for parking? What's the stress of the job going to be like on your health? And then we also talked about what does the job protect you from? So 401k match, PTO, benefits.

Of course, paid time off and holiday pay.

Sometimes folks, they know they get PTO, but they don't really calculate that as a cost to you.

They just think, well, I get the day off, you know, and it's a value to them, but they don't realize you're paying for that time.

Also, other things that could be on your total comp statement are longevity rewards or bonuses, you know, if they do hit any kind of milestones, any overtime opportunities, if you want that.

And that is what we call the carrots or AKA incentives.

You know, think about a carrot on a stick.

And historically, the companies have relied on a carrot that sits at the end of usually a 12-month stick, that I have to stay here for 12 months before I get my PTO replenished and I get a pay bump in my hourly rate, which, by the way, be really careful not to call a two or 3% increase a raise.

That's not a raise.

Yeah.

I don't think I've ever taken a BTO day at my company.

But I see what you mean because it's like, I'm like, okay, I'll only take two days off, but I'll work the other three days from wherever in the world that I am.

Like when I've gone to like Europe before, that's what I do.

That's negotiating right there.

Um, BTO is always negotiable by the way.

Anytime you start a job.

Yeah.

I'm going to

have to take BTO time.

God damn.

This is Demetrius fucking Johnson.

Had to take BTO to go fight for the world championship in the UFC.

Wow.

Wow.

And so I shared how I do that and the resources I use for that.

And we talked about employee benefits and PTO policies for firm owners, but this is also very valuable information as you are looking to advise clients or implement in your own firm as you grow a team.

We also talked about sales tax for wholesale and retail businesses.

And I gave a little update on the Elevate program, which I will also do here.

They can submit the portion that is their responsibility into TakeCommand and they get a maximum of $250 a month for that.

And that is made available to my employees once they have been with me for three months.

Same with the PTO.

They start accruing after the probationary three-month period, and that's available to all employees on my staff, whether they're full or part-time.

I'm salaried and live in an at-will state.

I'm also not able to get severance or any PTO payout, which sucks because I've been with the company for years and have 300 hours of PTO saved.

I worked with the training and development team at a medical device sale company.

Yes, they do have a history of pushing people out instead of firing them, so they don't have to do the paperwork and less risk for lawsuit.

I've been job searching for the past two-ish months, so I've already been applying, but didn't expect to be in the position I'm in now.

I do take time off work.

My company made a mistake when they hired me and I accrued double to PTO.

I should've, and instead of dropping off each year like it's supposed to, it's been rolling over for me.