People want these benefits and offering them will help a small business owner attract more and better workers – plus, the plans cost less
“Unlimited paid time off? Are you kidding me?” That’s what I usually hear when I suggest this type of benefit to my clients. When an employer, particularly a small employer, hears “unlimited” they automatically think that their employees can be paid all year for doing nothing.
Of course that’s ridiculous. Unlimited paid time off (PTO) plans are becoming a “top emerging benefit” according to a 2019 study by the insurance firm MetLife and are already a significant part of the benefit offerings for many larger corporations. Some 72% of the 2,675 full-time employees surveyed in the MetLife study expressed interest in receiving unlimited paid time off.
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