Employee Policies (5)
PTO policies spell out how much paid time off your employees will get each year, what the PTO can be used for, and how it is earned and approved. Some businesses have different PTO policies for vacation and sick time while others provide a block of time that employees can use for any reason. There are no federal laws requiring PTO, however, businesses will have a hard time attracting top employees without a well-thought-out PTO plan.
At the end of the day, business is all about people. You can't run your business without a strong workforce. And your benefits and perks packages will carry significant weight over the types of workers you attract and retain. Custom employee benefits can be a big expense for your business, but they will ultimately improve your bottom line.
Now is the perfect time of the year to start updating your employee handbook! But why? That's one of the top questions that we hear all the time, aside from "do small businesses need an employee handbook?" Business owners might be hesitant to update their handbooks once more because they don't see the value in annual updates.
It's no secret that employee handbooks can be game-changers for any business. The benefits of an employee handbook are tough to ignore, but does your small business really need an employee handbook? What policies should it include? And how often should you update your small business' employee handbook?
As a small business owner, you know how valuable your time. You've got a to-do list that's a mile long, but your priorities can get bumped down the list when your workforce isn't operating cohesively. If you're constantly answering employee questions or putting out small fires across your company, your business could greatly benefit from a custom employee handbook for small businesses.