Employee Benefits Market Check Survey: Time Off and Paid Leave Policies

Time off from work has always been one of the more desirable benefits for employees. The pandemic has further emphasized how critical it is for employees to have options to take a vacation or to take leave to care for children or aging parents.

We conducted a poll during a webcast on September 23 to gain insight into how employers are planning their time off and leave policies and how they think those policies assist in attracting and retaining their key talent. The results are in the charts below.

Key Findings
While concepts like unlimited or open paid time off and expanded parental leave are getting many headlines, most employers are not looking to expand available time off in the near term. When evaluating their total well-being strategy, employers would be wise to include a review of the current PTO and leave schedules to ensure a healthy work-life balance supported by the company culture.

Should you have any questions regarding any of this information, please contact your local Assurex Global adviser.

PTO – Paid Time Off