Paid Time Off (PTO) is a policy that allows employees to take time off from work while still receiving their regular pay. This time off can be used for various reasons, including vacation, personal matters, or illness. PTO is typically accrued over time, meaning employees earn a certain amount of time off based on the hours they work. Employers may offer different types of PTO, such as vacation days, sick leave, and personal days. The specific amount of PTO and the rules for using it can vary by company. PTO policies aim to promote employee well-being and work-life balance.