According to a recent survey released by Namely, attitudes toward summer vacation are shifting under the demands of the modern workplace and growing Millennial influence. While employees are willing to make big sacrifices for more paid time off (PTO), they are unlikely to use it and look for employers to support time off in different ways than they have in the past.
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The survey results come as employees start to think about their summer getaways—the data shows that the longest vacations are often scheduled between June and August, but the average duration was just 2.34 days. Canvassing the PTO outlook of 471 employed adults in the United States, the April 2015 survey revealed that most employees are willing to make a big sacrifice for unlimited PTO, a current trend in employee benefits.
Respondents to the survey were willing to (or have already) given up stock options or a higher salary (40%) in return for more time off. And over two thirds of those surveyed rated PTO policies as “very critical” or “somewhat critical” when considering the entire benefits and compensation package for a new job.