If eligible, you begin earning PTO on your date of hire. Your annual PTO accrual depends on your length of service and work schedule. Regular full-time employees scheduled to work 40 hours per week will accrue PTO per the following chart:
*Employees of the Valuation Solutions Group should reference their business-specific time off program documents.
If you are scheduled to work at least 20 hours per week, but less than 40 hours, your PTO will be pro-rated to your number of scheduled work hours based on the same tiers above. For example, if you are scheduled to work 20 hours per week and have been with Cotality for 3 years, you will receive 8 days of PTO (64 hours) in the calendar year.
Cotality rewards you with much needed paid time away from work. That time is designed to help you recharge so that you are most productive at work, as well as offer you peace of mind if you need to be away for unexpected circumstances.
In an effort to encourage employees to use their PTO during the calendar year in which it accrues, employees will be allowed to rollover a maximum of 64 accrued PTO hours from year to year (except certain exceptions noted in the Annual PTO carryover section below). For more information about the PTO policy, see the PTO section of your Employee Handbook.
In general, employees cannot carry over more than the specified hours of PTO from one calendar year to the next. Exceptions may include:
- Employees who are medically disabled and unable to take PTO in a calendar year
- Directive from management that an employee is unable to take PTO in a calendar year due to business needs
- State Law – employees in California, Colorado, Illinois, Montana, Nebraska and Washington may accrue PTO up to one and a half times their eligible PTO annual equivalent accrual amount.