Survey: Formal Paid Time-Off Programs Gaining Steam

July 6, 2011    

Original Article: Talent Management

The 2011 Compensation Data Services survey results found employers offer exempt employees with one full year of service an average of 10.6 vacation days, while non-exempt employees receive 9.8 days.

Exempt employees with five years of service earn 14 days of vacation, compared to those with 10 years of service, 17.3 days. Employees with 15 years of service receive 19.3 vacation days. In addition, both exempt and non-exempt employees are granted an average of four personal days and seven sick days each year. The average waiting period for employees to receive time-off benefits after the start of employment is 81.7 days.

“Maintaining a healthy work-life balance is more important to workers today than ever before,” said Amy Kaminski, director of marketing for Compdata Surveys, the nation’s leading pay and benefits survey data provider. “By developing a comprehensive time-off program, employers are helping their employees achieve this balance, and are often rewarded with increased productivity in return.”

Formal paid time-off (PTO) programs are gaining prevalence, as the survey results found 38.1 percent of service employers now offer a PTO program to employees. PTO programs group together all paid absences, including vacation, sick and personal days. Exempt employees with at least one year of service earn an average 15.1 days of PTO per year. Those with five years of service receive 19.9 days, while those with 10 years of service average 22.6 days.

Nearly 79 percent of service organizations allow employees to carry over unused PTO, but 84.2 percent place a limit on the number of days that can be carried over. Exempt employees may carry over an average of 23.6 days, while non-exempt employees are allowed to carry over an average of 23.1 days.

Original Article: Talent Management

Care to Share?
Top