CVS offers a structured paid time off (PTO) policy that provides employees with a varying number of days off, determined by their years of service with the company. The number of days an employee accrues annually increases significantly with their tenure.
CVS Health Paid Time Off Accrual
CVS Health provides its employees with an accrual-based paid time off system, which includes time for vacation, sick leave, and personal days. The amount of PTO an employee accrues each year is directly linked to their continuous years of service at CVS Health. This system ensures that long-term employees receive more generous time off benefits.
Here is a breakdown of the annual PTO accrual based on years of service:
| Years of Service | Annual Days Off (Up To) | Annual Hours Off (Up To) |
|---|---|---|
| 0 - 2 | 16 | 128 |
| 3 - 9 | 21 | 168 |
| 10 - 19 | 26 | 208 |
| 20 plus | 29 | 232 |
It is important to note that these figures represent the maximum number of days and hours that can be accrued annually within each service tier. The specific accrual rate is designed to reward employee loyalty and provide increasing flexibility for personal time as their career at CVS Health progresses.
