Paid time off, planned time off, or personal time off, is a policy in some employee handbooks that provides a bank of hours in which the employer pools sick days, vacation days, and personal days that allows employees to use as the need or desire arises.

What does PTO mean in work?

Once upon a time, most organizations offered their employees time off in the categories for which they were used. These traditional plans included some combination of sick days, personal days and vacation days. In recent decades, however, more companies have adopted the paid time off model, or PTO.

What is PTO slang for?

paid time off; personal time off: a block of hours that combines all of an employee's paid sick days, personal days, and vacation time. ... Also P.T.O., p.t.o.