Ivanti's New Policy Gives Parents More Time to Bond With Their Children
The Human Resources team at Ivanti is pleased to introduce a brand new benefit offering and an all new and enhanced Paid Time Off (PTO) plan for all Ivanti U.S. and Canada employees.
Parental Leave and New Parent Reintegration
Effective now, full-time and part-time employees are eligible for four weeks of paid Parental Leave for the birth, adoption, or foster care placement of a child(ren). Parents may use this time to bond as a family.
In addition, Ivanti has established the New Parent Reintegration Program to provide parents up to four weeks of a reduced work schedule to make their return to work from leave taken in conjunction with the birth or adoption of a child(ren) a more gradual process.
Paid Time Off
Employees will now receive their annual PTO allocation, based on their years of service, on January 1 each year rather than waiting to accrue time each pay period. New hires will receive a prorated allocation of their annual PTO grant (based on their hire date) on their first day of employment. All employees will see an increase in the total of PTO they are eligible to use each year.
Employees will “bank” any accrued, but unused PTO they have on December 31, 2019. Employees will be given the following options for their banked PTO:
- Employees can choose to “buy-up” their seniority level and increase their ongoing annual PTO grants by trading-in all or some of their unused PTO balance for the next grant level(s). (24 hours for each year of desired seniority.)
- Banked PTO can be used when taking leave related to an FMLA qualifying event.
- Upon termination, banked PTO will be paid out in the employee’s final paycheck.
Beginning in 2020, unused PTO will no longer carry over from year to year. Ivanti encourages employees to use their PTO to get away from the work environment to spend time with family and friends and do those things that recharge their batteries and maintain a healthy work-life balance.