Paid Time Off
Employees need time away from work to recharge the batteries. Time off can reduce stress and improve mental and physical health. From the employer’s perspective a rested employee is more productive, focused and dedicated. Along with salaries, incentives, perks, group insurance and retirement benefits, paid time off plays an important role in an organization’s overall compensation strategy.
In January 2015, Western Compensation & Benefits Consultants (“WCBC”) conducted a national survey of 320 Canadian employers and the paid time off provided for their employees, including:
- annual vacation policies;
- statutory holidays;
- personal days;
- leaves of absence; and
- other paid time off.
Full results are available to participants only but we have summarized some of the highlights.
Participants in WCBC research projects receive a complete summary of the results at no cost. If you would like to be notified of future research projects, ensure you subscribe.