Sick leave: Sick leave is time off granted to employees when they are ill or need medical attention. It allows them to recover without losing their regular pay.
Maternity/paternity leave: Maternity/paternity leave is time off given to new parents after the birth or adoption of a child. It allows them to bond with their child and adjust to their new family dynamics.
Paid time off (PTO): PTO refers to a flexible policy that combines vacation, sick, and personal days into one bank of hours that employees can use for various reasons. It offers more flexibility in managing time off.