Small Business Resources in Aurige

The Aurige Entrepreneur's Guide

What’s the Difference between Vacation Time and PTO?

Taking Vacation Is Almost a Black Mark

The lazy days of hot summer are on the horizon. Having completed the cycle of seasons it is time to take off from work but many would like to take a day or a partial day here and there rather than use up all the time off that has been earned. There are companies that still have the vacation time system with sick days as a different type of paid leave. Family Leave is yet another type of time off that many employees have to grapple with and request time off for.


Taking Vacation

What about those awkward moments in everyone’s life where time must be taken off for something very personal, such as getting a hair transplant or a breast augmentation or a Botox refill? Those are normally outpatient days and can often take only part of a day or one day and it’s back to work. An employee will agonize about how to request this time on a sick leave and vacation time schedule. Often the employee will have to fill out a request to the human resources department about their plans to have new hair plugs installed on their head. Strange feelings can circulate, so getting the day off can be tricky.

This is all changing because of a system that has grown in popularity at many human resources departments. There are systems now being used that allow employees to submit requests for both paid and unpaid time off without having to fill out all the gory details. This revolutionary and more private method of taking time off is replacing the older system of sick leave and vacation time off.

People are simply opting to take a few hours here are there for personal time off and are only having to make the request within a reasonable amount of time before the desired date and time period. The PTO request is easily created in human resources data base software, where it can be tracked and documented to give credit and subtract credit for PTO earned.


What is PTO

What is PTO?

Personal Time Off (PTO)is one category of time off. This is a streamlined method of tracking credited time off for employees by their employers. This method tallies up the hours that an employee earns from a certain amount time worked. Every couple of hours of work means an hour of paid time off earned. Then the employee can also take the time off as needed so that they are not driven to only take time off in larger blocks at times the employers can allow them to be gone.

Often employers who are addicted to having their indispensable employees on the job, will pressure them to only take vacation at certain times. Then there are the employees who will come to work sick and not take sick leave in order to save it up for a big trip. There is the compensation day leave as well that becomes cumbersome for the employee to negotiate for if they have worked many days without days off for company demand. With PTO, employees have more freedom to simply use an employee intranet site to make PTO requests, which HR will process and approve based on need and qualification in one short motion.


Precious Time Off

Precious Time Off No Longer Needs to be Cleared With White Lies

The advantages to using a PTO system instead of sick time and vacation days is very encouraging to employees to discontinue the white lies to take personal time off. Many people have had to ‘call in sick,’ when they just needed time to attend a performance by Junior, at the school assembly that day. Playing sick is no longer necessary with PTO as that time can simply be requested.

Employees can take off hours at a time here are there for whatever reason without having to reveal everything and just be off for that time after approved. All they must have is time available in their PTO account and submit a request in a reasonable time frame to get approved. The privacy and the freedom alone increases employee self-esteem and morale as being part of a company that trusts them and values them enough to offer this kind of flexibility with time off.



Win-Win for Employers

Not only does the PTO system work quickly and efficiently, it is less complicated to track and it only keeps track of hours left in each employees PTO account for time off. Employers no longer need to use sick leave terminology and track reasons for employee absences with PTO so they also do not have to be in compliance for HIPAA and ADA regulations since that information is no longer needed from the employees.

The freedom of the self-managed PTO system is another win for the employer and the employee in reduced absenteeism. The employee tracks their own PTO and often is more prudent about budgeting that time. As a result they take fewer days off to be ‘sick’ to attend a 2-hour school function for their child. Essentially, it is a one account issue that is kept track easily so everybody is happy.



Article provided by NECHES FCU, with locations in Port Neches, Nederland, Beaumont, Lumberton and Bridge City.
Neches FCU is a Texas credit union and has an awesome team of professionals ready to deliver service all members. When their doors open at any of the several locations, our goal of “Ultimate Member Satisfaction” becomes the driving force for every staff member. They are well-known for a personal, dynamic and fast-paced work atmosphere, providing a memorable service experience, and where clients are known by name.
Neches has approx. $438 Million in assets with over 45,000 members. Neches Federal Credit Union is acknowledged by members and the business community as one of the best credit unions in texas and an actively involved partner, helping our Family, Friends and Community!

Five Traits that are Key for Serial Entrepreneurs

Serial entrepreneurs often start multiple businesses during their careers. These people are entrepreneurs who work in varied areas of the business world. The reasons behind joining this small group vary as widely as their professions. While looking at these individual key traits happen to become evident.


Serial Entrepreneurs

Entrepreneurs are not common. Every American does not choose to open businesses. Opening a business is not easy. A majority of entrepreneurs who do not succeed do not try again. If a person does not try they will always fail. Having more than one business in the works takes a certain kind of individual. The most successful do seem to all share a number of characteristics. This includes the top five traits.

1. Management

Time Management is considered the top asset in an entrepreneur. Time is quite literally money. Being able to tactically prioritize for business as well as life is a key to professional achievement. For a serial entrepreneur task optimization is critical. There needs to be a plan or layout when structuring time for any project or activity. Being able to actively tackle any problem in a timely manner or hand it to someone who can be an aspect of this trait. A serial entrepreneur often needs to find the challenges invigorating reaching to overcome instead of being overwhelmed.


Time Management

2. Drive

Drive to grow the company. Having an idea is not enough being passionate about the work is the vital point. Passion brings great drive to an enterprise. Growth is the name of the game. Pushing past the troubles of start up into a more stable business model is important. Without drive there is no motivation. This only leads to stagnation.

Take the chance. No risk… no reward. Many serial entrepreneurs have a bit of a daredevil nature, they are risk takers willing to put their word and money on the line to make things work. Being tenacious is part of the characteristic that leads to drive. Entrepreneurs have an unstinting belief that their idea is right. The individual can make more happen to them than anyone watching from the outside can believe. This confidence is backed by an uncanny desire to achieve.



3. Relationships

The art of relationships is the ability to build them in addition to knowing which will be beneficial. A serial entrepreneur needs great people. These people need a good foundation along with connections to help them reach success.

Owning a business is not easy, no one should believe that running anything will be a cake walk. If the person has the mindset, talent and drive to do it once, then multiple tries may lead them to the accomplishment they are working for.

Having family that understands the ups and downs in addition to the needs of the entrepreneur help to alleviate home stresses. The professional does need to keep the family in the loop on the business front so they will know the stress the entrepreneur is facing.


Team building

Team building is an aspect of this trait putting the right people in the best positions can ensure growth and a thriving business environment. Bringing in the right team will make the transitions go more smoothly. A serial entrepreneur wants to be able to have the right team so they can move to the next project.

4. A thirst for knowledge

A serial entrepreneur is always looking. They plan to build a better mousetrap. These leaders want to solve the unsolvable in an innovative and intriguing way that draws others to find other ways as well. A business leader needs to be open to original ideas and the next big thing. Any pacesetter knows that bogging down on one subject just leads to a rut. Always be ready to take in new ideas and give them a unique twist.


More Serial Entrepreneurs

5. Know when you fail not to give up.

Resolution and determination are important to any entrepreneur. Knowing when to leave is important. Failure happens. An entrepreneur just sees it as steps in the right direction. Every failure takes you one step closer to success. Do not cling to a theme that will not succeed go back to the drawing board and see where things went right and move forward.

Flexibility is not an option but a requirement. If an owner is not able to alter the setup to meet client’s needs, then the setup is too rigid. Finding a niche may be what the clients lead you to or just a widening your company’s scope.

An entrepreneur needs to be able to roll with the punches. No business starts out with stability. If it is ground breaking or new the path is not already laid down for the company. This is a risky industry if a person has the skills they will have to take the leap.

Quick Hit Business Tip:

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