During a time of economic instability, a well-developed time-off program is essential for companies looking for a way to compensate employees without stretching already-thin budgets. 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 Manufacturing & Distribution survey results found employers offer exempt employees completing one full year of service an average of 9.3 vacation days, while non-exempt employees earned 8.4 days after one year. Exempt employees with five years of service earn an average 13.2 days of vacation, compared to 12.7 days for non-exempt employees. Both exempt and non-exempt employees are granted an average of 3 personal days, but exempt employees receive 7 sick days each year, while non-exempt employees are allowed 6 days. Reporting manufacturing and distribution organizations indicated an average waiting period of 110.6 days for employees to receive time-off benefits after the start of employment.
“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.”
Less than 45 percent of participating manufacturing and distribution organizations allow employees to carry over unused vacation days, and almost 90 percent of those put a limit on the number of days eligible for carry-over. Employees accruing vacation by years of service may carry over an average of 13 days.
Alternative time-off programs allow manufacturing and distribution employers to be flexible in order to meet the work-life balance needs of employees. Nearly 67 percent of reporting manufacturing and distribution organizations offer unpaid time off and 28.1 percent allow employees to sell back unused time off.
About the Survey
Compensation Data 2011 Manufacturing & Distribution surveyed more than 100 industry-specific job titles and 350 benchmark titles ranging from entry-level to top executives. Data was collected from nearly 1,100 manufacturing and distribution employers reporting on more than 9,500 locations across the country. The results provide a comprehensive summary of pay data, benefit information and pay practices with an effective date of February 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 more information about our compensation and benefit surveys, contact Michelle Willis at (800) 300-9570.