PTO Ratio Formula:
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Definition: This calculator determines the ratio of Paid Time Off (PTO) hours used compared to total available PTO hours.
Purpose: It helps employees and HR professionals track PTO utilization and plan time off effectively.
The calculator uses the formula:
Where:
Explanation: The ratio shows what portion of available PTO has been used (0 = none used, 1 = all used).
Details: Tracking PTO ratio helps maintain work-life balance, prevents burnout, and ensures proper workforce planning.
Tips: Enter the PTO hours you've used and your total available PTO hours. Both values must be ≥ 0, and available hours must be > 0.
Q1: What does a PTO ratio of 0.5 mean?
A: It means you've used half of your available PTO hours.
Q2: Should my PTO ratio be high or low?
A: Neither is inherently better - it depends on your personal needs and company policy. Regular use is generally healthier than saving all PTO.
Q3: How often should I calculate this ratio?
A: Monthly or quarterly checks help maintain awareness of your PTO balance.
Q4: What if my ratio exceeds 1?
A: This would mean you've used more PTO than allocated, which may indicate advanced PTO or unpaid time off.
Q5: Does this include sick days?
A: Only if your company combines PTO and sick leave into one bank. Otherwise, calculate separately.