Our recent survey on paid time off reveals that more and more organizations are going the PTO route for offering time off. For holidays, over 90% of respondents are offering New Year’s Day, Memorial Day, Independence Day, Labor Day, and Thanksgiving, and 81% will offer the Monday after Christmas.
Fifty-eight percent of responding companies have a PTO program. Of the 58%, most include vacation (96%), sick leave (92%), and personal days (86%). Forty-two percent include care for dependents.
For employees with 5 years of tenure, about 38% offer 11-19 days of PTO, and about 30% offer 20 to 24 days.
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Seventy-eight percent of respondents’ PTO programs allow PTO days to be carried over from year to year; however, most cap the number of days that can be accumulated. Thirty percent cap at 30-59 days, while about 28 % cap from 20-29 days.
The survey, conducted by BLR and the HR Daily Advisor, garnered 905 respondents, representing a wide range of types of business. There was a good mix of company sizes, and respondents were well-distributed across the US.
National details are below. (For a complete breakdown of results by organization size, industry type, and geographic region, go here.)
What holidays are offered to employees in 2011?
|
Number |
Percent |
|
|
Saturday January 1, 2011 (New Year’s Day) |
777 |
88% |
|
Martin Luther King, Jr. Day |
235 |
27% |
|
Lincoln‘s Birthday |
9 |
1% |
|
Washington’s Birthday/President’s Day |
267 |
30% |
|
Good Friday |
212 |
24% |
|
Memorial Day |
836 |
95% |
|
Independence Day |
840 |
95% |
|
Labor Day |
825 |
94% |
|
Rosh Hashana |
7 |
1% |
|
Yom Kippur |
8 |
1% |
|
Columbus Day |
93 |
11% |
|
Election Day |
10 |
1% |
|
Veterans Day |
119 |
14% |
|
Thanksgiving |
845 |
96% |
|
Day after Thanksgiving |
572 |
65% |
|
Friday, December 23 2011 |
226 |
26% |
|
Saturday, December 24, 2011 (Christmas Eve) |
266 |
30% |
|
Monday, December 26, 2011 (Boxing Day) |
706 |
80% |
|
Employee’s Birthday |
70 |
8% |
|
Other special day |
103 |
12% |
For most questions, a graphic chart appears after the numerical chart:
For extended graphs and tables for all survey questions click here.
A sample of survey questions covered included:
How many floating holidays (including Christmas week) are observed besides those already indicated above? (Exclude “personal days”).
What is the maximum number of days that can be accumulated in your organization’s paid time-off plan?
To download the complete survey results including demographic data click here.