The formula to calculate the PTO percentage (P) is:
\[ P = \left( \frac{U}{T} \right) \times 100 \]
Where:
PTO, or Paid Time Off, is a policy in many organizations that provides employees with a bank of hours that can be used for various types of leave, such as vacation, personal time, or sick leave. PTO policies are designed to give employees flexibility in managing their time off while ensuring they are compensated during their absence from work. The total PTO hours an employee accrues can vary based on factors such as tenure, company policy, and employment status.
Let's assume an employee has used 20 PTO hours out of a total of 80 PTO hours.
Step 1: Calculate the PTO percentage (P):
\[ P = \left( \frac{20}{80} \right) \times 100 = 25\% \]
Therefore, the PTO percentage (P) is 25%.