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Vacation and Paid Time Off (PTO) Benchmark
Benefits & Compensation
Vacation and Paid Time Off (PTO) Benchmark
Exchange ideas about health plans, retirement, work/life benefits, and employee assistance.
I am collecting data to benchmark our paid time off (vacation, sick, holidays) policies against. To remain competitive in the industry, we believe we need to adjust our paid time off policies (e.g. in
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Forums » Topic Forums » Benefits & Compensation » Vacation and Paid Time Off (PTO) Benchmark
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Vacation and Paid Time Off (PTO) Benchmark
posted at 5/21/2009 12:33 PM EDT
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Posts: 18
First: 5/20/2009 Last: 4/19/2011 |
Specifically, I am looking for (and please feel free to add other categories):
2.) Company Industry: Retail 3.) # Employees: 300,000 4.) PTO or Vacation Policy (accrual rates over the years, by level in organization): Hourly employees accrue in the current year to be taken following their anniversary. Year 1 = 40 hours, Years 2-5 = 80 hours, Years 6-15 = 120 hours, Years 16-25 = 160 hours, Years 26+ = 200 hours. Salaried employees accrue and can take vacation in advance of accrual from hire date. Years 0-5 = 80 hours. Additional years mirror hourly accrual. 5.) # Hours Vacation/PTO Caps: Use it or lose it each year except in rollover states like CA and MT 6.) Do have a vacation/PTO donation option (e.g. can donate time to other employee in need): No 7.) Do have a vacation/PTO purchase program (e.g. employee can purchase additional time off): No 8.) Do have a vacation/PTO cash out option (e.g. employee can cash out portion of their vacation balance): Only by exception in an emergency 9.) # Sick Days: Hourly employees = 6 (considered sick/personal days). Salaried Employees not tracked 10.) # Floating Holidays: See #9 11.) # Company Holiday: 6 12.) Do you offer time off to volunteer (# hours/yr): Yes. Hourly = unpaid, Salaried = paid. This is usually at Company sponsored activities 13.) Do you offer sabbaticals (required tenure, length of sabbatical, paid/unpaid/partial): No |
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