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Paid time off is important because everyone needs a break. It prevents employee burnout and makes for happier and more productive employees. However, you need to rely on the right tools, such as an Excel PTO tracker, to make sure you are effectively managing all time-off requests. Aside from calculating payroll, there are a number of legal requirements you need to adhere to, such as compliance with the Fair Labor Standard Act (FLSA). In this post, we are going to take a look at what an Excel PTO tracker is and how you can use it to track paid time off in your company. We will look at some of the pros and cons of using a PTO tracker template and share a few tips to help you stay on top of your PTO requests. Table of Contents PTO Time Tracking Laws Paid time off (PTO) refers to the agreed number of days an employee can be absent from work and still receive pay. It includes absences defined by law and company policy, such as vacation days, public holidays, maternity leave, sick days, and personal events. You are not legally obligated to offer paid vacation. However, there are still a
