My business is crashing hard!!! Like really hard… I had to let go of some of my employees and they had many hours of PTO that I cannot pay due to clients not paying their invoices. I currently owe $7k in PTO and Sick time to employees but I have $20k outstanding from clients not paying.
What happens I’m freaking out!!! I need help!!
Do you have an employee handbook? What does it say about PTO? Most States don’t require you to have PTO, but if you offer it, you need to pay it.