PTO Calculation Formula:
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PTO (Paid Time Off) balance represents the total hours of paid leave available to an employee. It's calculated by adding base allocation and accrued hours, then subtracting any used time off.
The calculator uses the simple PTO formula:
Where:
Explanation: This formula provides a straightforward way to track your available paid time off balance.
Details: Proper PTO tracking helps employees plan time off effectively, ensures accurate payroll processing, and helps maintain work-life balance.
Tips: Enter your base allocated hours, any additional accrued hours, and the hours you've already used. All values must be non-negative numbers.
Q1: What's the difference between base and accrued PTO?
A: Base PTO is the initial allocation, while accrued PTO is earned over time based on company policy.
Q2: Can my PTO balance go negative?
A: This depends on company policy. Some employers allow negative balances while others don't permit using unaccrued time.
Q3: How often does PTO typically accrue?
A: Accrual frequency varies by company but is commonly calculated per pay period, monthly, or annually.
Q4: What happens to unused PTO at year-end?
A: Policies vary - some companies allow carryover, others have "use it or lose it" policies, and some pay out unused time.
Q5: Are sick days included in PTO?
A: This depends on the employer. Some companies have separate sick leave banks, while others use a combined PTO system.