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This question is about employer.
PTO vs. vacation
The difference between PTO and vacation is that PTO refers to a broad swath of time off scenarios that are all considered Paid Time Off (PTO), while vacation refers to time off that is given to employees that might be paid or unpaid.
PTO is a term used to describe all forms of time off from work where an employer still pays its employees for those days off. This includes many different paid time off situations, like vacation days, sick leave, personal days, and floating holidays. Normally, PTO is a set number of days a company gives its employees each fiscal year.
Vacation time is time off from work in which an employee might be paid for or might not be paid for, depending on the company they work for. Vacation time also typically applies to multiple days or weeks being taken off from work, like in the event of traveling for a vacation or other recreational events and activities.
Key Takeaways:
| PTO | Vacation |
|---|---|
| PTO refers to a broader swath of time off scenarios and these are all considered Paid Time Off (PTO). | Vacation refers to time off that is given to employees that might be a part of PTO or might be unpaid. |
| PTO includes many different paid time off situations, like vacation days, sick leave, personal days, and floating holidays. | Average vacation times can vary depending on employers, most give employees one to two weeks per year, while others might give more time. |
| Normally, PTO is a set number of days a company gives its employees each fiscal year. | Vacation time also typically applies to multiple days or weeks being taken off from work, like in the event of traveling for a vacation or other recreational events and activities. |
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