The newly released 2010 Compensation Data Services survey results show exempt employees with less than one year of service earn an average of 4.9 vacation days, while non-exempt employees earn 4.1 days.
Despite the shrinking pay increase budgets and pay freezes seen throughout the industry, service organizations across the country continue to search for ways to reward employees. The newly released 2010 Compensation Data Services survey results show exempt employees with less than one year of service earn an average of 4.9 vacation days, while non-exempt employees earn 4.1 days.
More than 70 percent of the service organizations offering paid vacation to employees use years of service to determine the number of days an employee can accrue. Exempt employees with 5 years of service average 13.8 days of vacation, compared to those with 10 years of service, 17.3 days. Employees with 20 years of service have 20.8 days of vacation, according to the newly released results. Exempt employees are granted 4 personal days per year, while non-exempt are given 3 days. Both exempt and non-exempt employees average 7 sick days per year.
“In retaining top employees, many organizations are finding enhancements to time off programs may be a viable alternative to granting pay increases” said Amy Kaminski, director of marketing for Compdata Surveys, the nation’s leading pay and benefit survey data provider. “Until effects of the economic recovery can be felt, it will remain important for companies to be creative and make the most of their compensation budgets.”
While service organizations generally allow carryover of vacation days from one year to the next, 80 percent place a limit on the number of days that can be carried over. Compensation Data Services 2010 shows exempt employees can carry over up to 18.5 days of vacation, while non-exempt employees are allowed to carry over up to 18.6 days.
About the Survey
Compensation Data Services 2010 contains data on nearly 100 industry-specific job titles and more than 250 benchmark titles ranging from entry-level to top executives. Data is collected annually from service employers across the country. The results provide a comprehensive summary of pay data, benefit information and pay practices with an effective date of January 1, 2010.