MCG Introduces Open Paid Time Off Policy
August 29, 2016 Business News(PRLEAP.COM) August 29, 2016 - The Dallas-based accounting firm Montgomery Coscia Greilich LLP (MCG) has formally adopted an Open Paid Time Off (PTO) policy for full-time exempt employees. Under the Open PTO policy, employees are allowed to take as much time off as they need. This differs greatly from the Firm's outgoing, traditional PTO policy that dictates how many days off an employee is allowed to take. Additionally, the Firm increased its paid maternity leave to 12 weeks. The Firm feels that these changes more accurately reflect their culture of autonomy, flexibility, and trust. The new policies will go into effect on January 1, 2017.
"At MCG, we believe that our employees work hard and should have opportunities to enjoy time away from work to help balance their lives, relax, and creatively recharge. In addition, we are committed to creating a culture of personal responsibility and mutual trust. We want our vacation and time off policy to reflect both of these elements. Our employees will be empowered to take responsibility for balancing their client and personal commitments in a manner that works best for them, their clients and their teammates," commented partner Scott McCrillis.
Daniel Ryan, MCG employee, commented, "The new Open PTO policy formally puts in writing the Firm's trust in its employees and commitment to promoting work life balance. The policy is both encouraging and empowering as an employee, in that it gives me an opportunity to exercise my own personal responsibility and judgement, allowing me an element of control in my schedule."
Earlier this month, MCG was recognized as one of Dallas' "Best Places to Work" by the Dallas Business Journal. MCG is known for being an innovative, entrepreneurial, and autonomous workplace, which is reflective in its progressive people policies. In addition to the new Open PTO and maternity leave policy, MCG has been an early adopter of the current trend "dress for the day". The Firm has never had a dress code policy and entrusts partners and employees to use their judgment when working in the office, meeting with clients or attending other meetings that call for business casual or business dress. Otherwise, you can find MCG team members in jeans most days.
Matt Coscia, co-managing partner, stated further, "We've informally let people take time as they needed since the inception of our firm. It just made sense to adopt a formal policy that makes it easier for team members to plan and take the time they need to be the best they can be while at work."
About Montgomery Coscia Greilich LLP
MCG began in 2003 and currently has over 325 professionals including 29 partners. The Firm is ranked as the 6th largest accounting firm in the Dallas/Fort Worth Metroplex by the Dallas Business Journal, and provides taxation, assurance, and consulting services to a wide range of clients. We are a member of the Alliott Group, a worldwide alliance of independent accounting, law, and consulting firms with more than 170 member firms in some 70 countries. MCG is consistently recognized by Accounting Today and INSIDE Public Accounting as one of the top 100 accounting firms in the country. We were named as the Fastest-Growing Accounting Firm in the Country for 2015 by the INSIDE Public Accounting.