Is it a sick day? Vacation day? With PTO, it doesn’t matter

At small businesses this summer, many owners won’t be trying to figure out whether employees will be counting it as vacation time, personal days or sick leave when they send texts or emails that say, “I’m not coming in today.”
A growing number of companies combine vacation and sick time into one bucket called paid time off, or PTO. Staffers decide whether they’re going to use the days for vacation, when they or a relative is ill, or for family events.
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