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The Importance of Paid Time Off (PTO)

David Rook

Paid time off is one of the most commonly provided benefits as well as one of the most highly regarded.

The Bureau of Labor and Statistics reports that more than 70 percent of employees have at least one form of paid time off, and the rate is much higher among certain types of employers such as large private companies and local, state and federal government entities.

In fact, in a Glassdoor survey, vacation and paid time off proved to be more important for employees than pay raises. Yet despite the desire for it, the United States remains far behind much of the world in both providing and using this benefit.

Even though there’s been a recent uptick in the number of days U.S. employees are taking off annually, they still take very few days off -- and that’s not good for anyone.

The following is an exploration of why paid time off is important to offer and why it's important to take, along with what’s normal in the U.S. and throughout the world. 

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Topics: Company Culture, Paid Time Off (PTO), Employee Retention, workplace wellness, trends, work life balance, Mental Health, Recruitment

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Employee Benefits in 2019: Trends in Health Insurance, Time Off and More

Jeff Griffin

The past year’s tight labor market has made finding new hires more challenging than usual for employers, and it looks like the trend will continue throughout much of 2019. In order to attract and retain qualified talent, employers aren’t merely offering competitive salaries; they’re also revising their benefits packages, which many employees heavily scrutinize when entertaining job offers. As we enter 2019, here are some of the employee benefits trends that will shape overall compensation in the coming year.

Health Insurance: Promoting Services While Mitigating High-Cost Claims 
 

Health insurance remains the most trying employee benefit for employers to manage (and not only because many are required to offer it). Health insurance has always required a balancing act between giving employees valuable coverage and managing company costs.

In 2019, employers are approaching this balancing act by promoting convenient and high-level service while mitigating the costs associated with major claims (the top 1 percent of which use more resources than the bottom 75 percent of policyholders). Employers are accomplishing this via five methods:

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Topics: Paid Time Off (PTO), Education, HSAs, Mental Health

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