(US, labour law, human resources) The act of an employer granting an employee paid time off instead of overtime pay in compensation for additional hours of work.
(US, labour law, human resources) The act of an employer granting an employee paid time off instead of overtime pay in compensation for additional hours of work.
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(Canada) A system in which an employer keeps track of overtime hours that can later be redeemed as either money or as time off with pay.
(uncountable) The rate of pay, usually higher, for work done outside of or in addition to regular hours.
(US, idiomatic) Any form of overtime in which increasing the hours worked reduces the hourly rate.
(uncountable) Working time outside of one's regular hours.
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Paid time off. Workplace shorthand for vacation, sick or personal days that an employee is paid for. Often used as a verb in casual office speech ("I'm PTO-ing Friday"). The term is dominant in US corporate culture; UK and European workers more often say "annual leave" or "holiday".