US > Other > Time Off > Paid Time Off

Paid Time Off (PTO)
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:

Years of Service Pay Period Accrual Rate Calendar Year Accrual
0-4.99 years 4 hours and 55 minutes 16 days (128 hours)
5-9.99 years 6 hours and 28 minutes 21 days (168 hours)
10 years or more 8 hours 26 days (208 hours)

*Employees of the Valuation Solutions Group should reference their business-specific time off program documents.

Part-Time Employees
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.

Maximum PTO Allowance
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.

Annual PTO Carryover
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.


Resources
Check out BenefitHub for some great travel discounts.

Be Sure to Use Your PTO!
It’s important to plan your PTO carefully each year. Although you may need to use some of your time for unplanned events, such as illness or weather problems, you should plan extended vacations in advance to be sure you’re able to use your accrual each year.


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