Time off over money for some US workers

Nearly half of US workers would prefer more vacation time over a pay rise.

According to a new study commissioned by recruiting firm Spherion Staffing, 41% of US workers would appreciate more paid vacation time over a pay rise, if given a choice.

In the US, employees typically only get 10 annual leave days per year. The survey indicates that while 70% of employees consider such paid leave to be a right of employment, only 58% of employers agreed.

Additionally, 3 out of 10 employees said they feel guilty requesting paid vacation time. A similar number (28%) indicated that their employers expect them to work while on holiday – a figure that bore out in the survey, with 22% of companies saying they agreed with the practice.

Perhaps unsurprisingly, a vast majority (88%) of workers said that a company’s work-life balance package – such as allowances for flexible work – heavily influenced their decision to take on a new job.

The study was conducted online earlier this year, and collated feedback from almost 750 human resource managers and a little more than 2,000 employed adults across the US.

"As businesses face greater pressure than ever to retain top workers, job satisfaction factors that employers previously may have overlooked, such as vacation time, play a greater role in shaping where employees decide to work," said Sandy Mazur, Spherion Division President.

"For companies that cannot afford to offer substantial raises at the moment, extra vacation time – or flexibility that allows workers to take time away without feeling connected to their job – can elevate morale, increase retention and build positive perception of their workplace."

Click here for more HRM News
Clear career progression top motivator of Asia's job hunters
HRM Asia - 16 Feb 2018
Most respondents in a new web poll say an identifiable career path is more important to them than salary and benefits.
People moves at PropertyGuru, AppNexus, and more
HRM Asia - 15 Feb 2018
Here are this week's latest HR appointments from across the region.
Five leadership principles to inspire your employees
HRM Asia - 14 Feb 2018
Look no further than your own hand to lead and inspire others to follow suit.
New digital hub to support small and medium businesses
HRM Asia - 14 Feb 2018
Cloud transformation in this region will receive a boost with the launch of the new centre in Singapore.
DBS teams up with Singapore university to launch new course
Kelvin Ong - 13 Feb 2018
The bank is partnering with Nanyang Technological University to launch a new wealth management programme.
Education as the cornerstone of the future economy
HRM Asia - 13 Feb 2018
Why new ways of learning will help companies develop future-ready employees.