What is Employee Time Off? Often referred to as Leave Application, this question is frequently asked by freshers not familiar with the term. Simply put, Time Off is that period of time during which an employee remains absent from work.
The reason a person requests for Time Off may differ from employee to employee. An employee may take Time Off to get married, go on a holiday, nurse a relative etc. When an employee takes Time Off, his / her pay is deducted for that specified period taken. Then again, every company also has a Paid Time Off policy. Under this policy, a person is allowed to take leave or Time Off for specific number of days in a calendar year and get paid for it. For example, an organization, under normal circumstances, grants an employee 17 days Paid Time Off in a given calendar year. The employee, during that calendar year, is entitled to take Time Off and will get paid so long as he/she does not exceed the number of Paid Time Off granted.
Today, companies are growing in leaps and bounds and Employee strength has multiplied. With employees operating from different cities and altogether different countries, the whole process of Tracking Time, and Time Off in particular has become all the more challenging. Companies often tend to endure ill-usage of Paid Time Off, which should not be tolerated. This could cause huge losses for an organization in the long run. An organization could loose hundreds of dollars in labor costs for every extra day taken.
To tackle this problem, organizations today have varied options available in the market. The easiest and maybe the most expensive is Outsourcing the whole data management and payroll to another company. Other means available are installed softwares that operates on intranet as well. Also there are on-line web based service providers flourishing in the market, maybe the fastest booming in the industry.
Resources:
Time Off Online
Time and Attendance
Online Timesheets
