and what we believe
Paid time off (PTO) is the time off for which an employee receives compensation, the amount of which is calculated in accordance with labor legislation. In some countries, the amount paid depends on the average salary for a certain period, rather than on the salary for a particular month.
The right to paid vacation is enshrined in law and applies to full-time employees. Freelancers and independent contractors working on a contractual basis generally do not have paid vacation, unless otherwise stipulated in the contract.
The number of vacation days is set by national or regional legislation. Some countries have a uniform standard (e.g, 28 days in Russia, 20 days in the UK), and in federal states, the rules may vary from region to region.
Companies usually make up vacation schedulesIn order to spread the workload evenly and avoid staffing shortages. However, an employee may agree to take leave outside of the plan by agreement with his/her manager.
Many organizations use HRM systems to record vacation days, automatically calculate payments and reconcile requests. This facilitates the process of managing vacation schedules and makes it transparent for both employees and management.