During the recession, a well-developed time-off program was essential for companies looking for a way to compensate employees without stretching already-thin budgets. Now, as companies push toward recovery, time-off programs are one of the cornerstones of highly competitive compensation programs attracting the best talent. The 2011 Compensation Data Hospitality survey results found employers offer exempt employees completing one full year of service an average of 10.8 vacation days, while non-exempt employees receive 10.3 days.
Exempt employees with five years of service earn on average 15.3 days of vacation, compared to those with 10 years of service who receive 18.6 days. Exempt employees with 15 years of service average 21.3 vacation days. Both exempt and non-exempt employees are granted an average of three personal days per year. In addition, employees receive an average of six sick days each year. The average waiting period for employees to receive time-off benefits after the start of employment is 146.5 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.”
According to the survey results, more than 46 percent of hospitality companies offer a formal paid time-off (PTO) program to employees. PTO programs group together all paid absences, including vacation, sick and personal days. Most hospitality organizations use both hours worked and years of experience to determine the amount of PTO an employee has accrued. Non-exempt employees with at least one year of service earn an average of 12.3 days of PTO per year. Those with five years of service receive 18.1 days, while exempt employees average 19 days after five years of service.
More than 85 percent of hospitality companies allow employees to carry over unused PTO, but 80.4 percent place a limit on the number of days eligible for carryover. Exempt employees may carry over 21.5 days and non-exempt employees may carry over an average of 20 days.
About the Survey
Compensation Data 2011 Hospitality contains data on more than 100 industry-specific job titles and 350 benchmark titles ranging from entry-level to top executives. Data is collected annually from hospitality employers across the country. The results provide a comprehensive summary of pay data, benefit information and pay practices with an effective date of March 1, 2011.
Compdata Surveys is the nation’s leading compensation and benefits survey data provider. Thousands of U.S. organizations provide data each year ensuring the reliability of our results. Compdata Surveys has been providing comprehensive data at affordable prices to organizations from coast to coast since 1988. For further information about the compensation and benefits surveys, contact Michelle Willis at