Americans work long hours by the world’s standards, and take very few vacations comparatively. This trend may be motivated by American’s work ethic but it’s counterproductive; overworking hurts employee productivity.
Tag: paid time off
When a company offers vacation, they have to decide on an accrual rate to use. There are a few options. Employers can offer vacation time off to match their pay periods, hand it out once a year, or provide it on an hours worked basis. The rates all have their pros and cons and one may not be the right choice for each company or each employee.
When an employer drafts a time off policy, they have several choices to make: How much time off to give each year, which accrual rate to use, whether to implement a probationary period, and whether to use an accruals cap. When deciding on an accruals cap, some employers choose to clear all of their employee’s time off at the end of the year, rather than just putting a limit on the amount of time employees can earn. Employers don’t always realize it but this type of policy can cause conflicts in work flow and employee engagement.
Whether your time off rules are so complex no one could possibly understand them without a written policy, or your offering is pretty basic, you should take the time to lay out the details. Besides the amount of time given and the rate at which that time accrues, there are other important considerations that can help both the employer and employee. A policy helps companies cover their bases legally, helps avoid misunderstandings, and just makes it easier for everyone to understand the options and rules.
Time off is, traditionally, a benefit employees earn just for working at the company. Whether employees earn time off by the hour, day, week, month, or year, it’s dolled out based on the time they put in. But times they are-a-changing and time off is increasingly given to employees for other reasons, such as non-monetary bonuses or rewards for good behavior.
We all look forward to a break from work — a vacation that lets us relax and rejuvenate. However, in America paid time off is a privilege. There are no laws mandating that employers allow a certain amount of time off per year. What’s more, a study found that 51% of Americans do not take all their eligible time off and 61% work while they’re on vacation.
There has been a lot happening in California with regard to employee benefits lately. Last week it was a state-wide minimum wage hike and this week, in San Francisco, it’s six weeks of fully paid leave for new parents. The San Francisco Board of Supervisors voted unanimously on Tuesday in favor of the measure.
Labor Day can be more of a hassle than it’s worth for anyone driving to or from a big city. Navigating into and out of it can take hours and for what? To pay higher gas prices and higher hotel rates? To visit a crowded outdoor destination like a lake or campground and experience none of the quiet, tranquility of nature? The cacophony of vacationers roars over the scurry of chipmunks and the wind in the trees. Who really wants that?
Most people in the US probably don’t realize this but the United States is behind every other developed nation with regard to paid-time-off. Your average American probably thinks that getting paid to take time off is just for the elite. But this is far from the truth in some parts of the world. Every other developed nation offers some benefits to postpartum mothers, and many of them offer quite a bit.
There are several ways to calculate accruals for employees. Probably the most common is to give employees the whole lump sum at the beginning of the year or anniversary date, but other accrual rates are common for certain scenarios.
According to recent research commissioned by Ricoh Americas Corporation and conducted online by Harris Interactive, 54% of Americans work while they’re on vacation. They do things like stay on top of emails, keep in touch with co-workers, and take care of small tasks. Generally, employees don’t simply trade working full time at the office for working full time at the beach, but they aren’t disconnecting either. And this, reports Rioch, is bad for worker’s relationships and their health.
Calculating paid time off can seem daunting to a busy small business owner. There are many rates to choose from and the calculations aren’t always intuitive. For this reason, most small business owners just end up using a yearly accrual rate. This method is easy – you just have to decide how many days employees should get per year and give them in a lump sum.