article thumbnail

Paid Vacation/PTO Offerings—Time to Check Those Balances!

International Foundation of Employee Benefit Plans

Read more > The post <strong>Paid Vacation/PTO Offerings—Time to Check Those Balances!</strong> Communication Employee Benefits Flexible Work Options Paid Time Off (PTO) U.S.

article thumbnail

Which countries give workers the most paid vacation days?

Take It Personel-ly

Following decades of pressure from unions and the International Labour Organisation, the UK government passed the Holiday with Pay act; it meant that, for the first time ever, workers were entitled to one week of paid vacation time every year.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Unlimited PTO—Surprise! It’s Not Unlimited.

International Foundation of Employee Benefit Plans

Unlimited paid time off (PTO): the benefits trend that has rapidly grown, especially in the wake of a global pandemic. How exactly are employers able to offer a limitless vacation. Canada Communication Employee Benefits Flexible Work Options Human Resources (HR) Paid Time Off (PTO) U.S.

PTO 78
article thumbnail

Why Paid Parental Leave And Generous Paid Time Off Benefit Everyone

15Five

Did you know that the United States is the only developed nation that offers zero federally mandated paid parental leave? Forget for a moment that this is a critical time for both parents to bond with their child, paid parental leave is also in the best interests of your company. Paid Parental Leave & Paid Time Off, Because Duh! Earlier this year, I took an additional six weeks of paid parental leave to bond with my baby daughter.

article thumbnail

Employees in These Countries Get the Most Paid Days Off

HR Digest

Malta, a sun-soaked archipelago in the Mediterranean Sea that’s a popular summer holiday destination, has some of the most generous paid leave entitlements in the world. With 25 statutory days and 14 public holidays – total 39 days each year, employees in Malta enjoy the highest number of paid vacation days. Employees in nations like Malta, Austria, and the United Kingdom enjoy a legal minimum of 37 paid vacation days each year.

article thumbnail

10 Types of Employee Benefits that all Employees Love

Darwinbox

Employee Benefits can range from free coffee at work to a fully-paid vacation. Types of employee benefits encompass any indirect compensation to employees. Jobs with better benefits packages are likely to attract better talent. Employee Benefits

article thumbnail

How to Handle Accrued Time Off in Your Business

Patriot Software

Paid time off (PTO), including vacation days, sick days, and holidays, is a popular employee benefit. According to the Bureau of Labor Statistics, 77% of employees receive paid vacation days, 77% receive paid sick leave, and 79% receive paid holidays.

PTO 71
article thumbnail

Use the Average Vacation Time to Build Your Business’s Policy

Patriot Software

Do you want to give your employees paid time off from work? If you choose to offer paid vacation days as an employee benefit, you might not know how many to provide. To stay competitive, take a look at the national average vacation time.

article thumbnail

Paid Time Off in Austria

Global People Strategist

Who doesn’t love paid vacation? This country has some of the most generous employee vacation policies with a minimum of 5 paid weeks per year! Not to mention, the longer you work for a company, the more vacation time you get!

article thumbnail

Employment Regulations in Egypt

Global People Strategist

3) Vacation: The law states that every Egyptian employee is entitled to at least 21 paid vacations every calendar year. After spending a decade in service, the minimum yearly paid vacation days are increased to 30 days.

article thumbnail

Unpaid Time Off: Policy, Payroll, and Beyond

Patriot Software

When it comes to private industry workers, 73% have access to paid sick leave and 79% have access to paid vacation time. But, what happens if you can’t afford to offer paid time off (PTO) to your employees?

PTO 57
article thumbnail

Costa Rica Employment Laws for Ex-pats

Global People Strategist

You are entitled to the same minimum wage, vacation days, and other benefits. Overtime must be paid at 1.5 Vacation Days. All employees in Costa Rica are entitled to paid vacation days. After one year of employment, you are entitled to 2 weeks of paid vacation.

article thumbnail

Employee Benefits: A Key Part of Job Compensation

Money Talk

paid vacation) ¨ increase productivity (e.g., flexible work hours) Below is a description of ten common employee benefits and benefit-like policies in the current labor market: Paid Vacation- This is one of the most common employee benefits. Often, the number of paid vacation days is based on years of service and increases with seniority. Vacation pay is part of a worker’s income and is fully taxable on federal and state income tax returns.

article thumbnail

Eliminate Spreadsheets & Reduce Errors with BerniePortal’s PTO Tracker

BerniePortal

When creating benefits packages for employees, paid time off should be at the top of your organization’s list. In addition, most PTO policies include national and floating holidays, paid vacation days, paid family leave, and paid sick leave as well.

PTO 81
article thumbnail

Unpaid Time Off: Policy, Payroll, and Beyond

Patriot Software

When it comes to private industry workers, 73% have access to paid sick leave and 79% have access to paid vacation time. But, what happens if you can’t afford to offer paid time off (PTO) to your employees? Or, what if your employees use up all of their PTO and need to take time off […]. The post Unpaid Time Off: Policy, Payroll, and Beyond appeared first on Payroll Tips, Training, and News. Payroll

PTO 40
article thumbnail

2019 Employee Benefits Predictions

Winston Benefits

In 2019, employers will need to offer more than a competitive salary, paid vacation and a 401(k) plan to recruit prospective job candidates and retain top employees. employee benefts benefits communication benefits technology employee engagement salary paid leave work-life balanceUnemployment is low and the economy is strong, even with recent volatility in the stock market. In this economic climate people can be selective when choosing where to work.

article thumbnail

How Hoteling Software Assists Flexible Scheduling

Asure Software

PTO Trends and Workspace Planning for the 2017 Summer Vacation Season According to the U.S. Bureau of Labor Statistics (BLS), 91% of full-time workers in the private sector have access to paid vacations—accounting for almost 7% of total compensation. This rate has remained stable over the last two decades. However, the classic image of … Continue reading "How Hoteling Software Assists Flexible Scheduling".

article thumbnail

How Hoteling Software Assists Flexible Scheduling

Asure Software

PTO Trends and Workspace Planning for the 2017 Summer Vacation Season According to the U.S. Bureau of Labor Statistics (BLS), 91% of full-time workers in the private sector have access to paid vacations—accounting for almost 7% of total compensation. This rate has remained stable over the last two decades. However, the classic image of … Continue reading "How Hoteling Software Assists Flexible Scheduling".

article thumbnail

Why the US Has Been Ranked as One of the Worst Countries for Workers’ Rights

Global People Strategist

Paid Vacations. According to the Center for Economic and Policy Research , the United States is the only developed nation in the world that does not guarantee paid vacations to its workforce.

article thumbnail

Top 5 Countries with Best Paid Leave Policies

Global People Strategist

A country’s paid leave policy is usually a reflection of how well they take care of their employees. By granting paid leave to employees through its labor law, a country not only shows that it is one of the best places to work, but it also attracts more employees and reduces turnover.

article thumbnail

Employment, Labor Laws, and Regulations in Cuba 2022

Global People Strategist

Cuba’s minimum wage laws and regulations are designed to protect workers and ensure they are paid a fair wage for their work. Holidays and Vacation Days. Cuban labor laws and regulations govern holidays and vacation days. Vacation Days.

article thumbnail

How to Surprise Employees on Christmas & New Year?

Empuls

Employees are the elemental force that steers a company to success. It is vital for them to remain happy and satisfied to be productive and focused. Their contribution and efficiency should be recognized and rewarded as this will create affinity, energy, and desire to work harder and perform better.

article thumbnail

Recent Amendments To European Labor Laws And Their Impact: What You Need To Know

Global People Strategist

First, all employees are entitled to at least four weeks of paid vacation per year – and this minimum cannot be substituted with anything else, including extra pay or additional time off.

article thumbnail

4 Factors to Consider When Building an Employee Referral Program

Hireology

For example, if you’re hiring for high-turnover roles like a seasonal sales associate, a day of paid vacation or a gift card to the lunch spot next door might be enough to get the referrals you’re looking for. Are you thinking about building an employee referral program at your company?

article thumbnail

3 Reasons to Boost Your Employee Benefits Offerings in 2020

Achievers

Yet many business owners today still seem hesitant to invest in better coverage or more paid vacation hours to woo new talent. At a minimum, you should be able to check a few of these: Paid time off. Some paid parental leave. Paid time off to volunteer.

article thumbnail

How to Take Advantage of Employee Benefits

Hppy

Paid Vacation. While there’s no federal or state law requiring employers to provide employees with paid vacation, many employers offer this incentive. The BLS says that nearly one-quarter of employees are eligible for paid vacations. Unfortunately, many of these employees aren’t aware of this benefit, resulting in a missed opportunity for a free vacation. Providing employees with paid vacation is often a challenge for employers.

article thumbnail

Summer Vacations Are Upon Us! Are Your PTO Policies Up-to-Date?

AssuredPartners

{"ops":[{"insert":"Summer is here and that means summer vacations! Your employees will begin requesting more time off for vacation, so this is a good time to review your vacation policies and procedures to ensure they are legally compliant and work with your business needs.nFor the most part, employees aren’t promised paid vacations unless employers agree to provide paid vacation through a policy, practice or contract.

article thumbnail

Employment Benefits in Sweden

Global People Strategist

A Swedish employee can earn their annual leave during their qualifying year and utilize the paid leave in the subsequent (vacation) year. Employees get 25 annual paid vacation days and, under certain circumstances, can carry any unused paid days forward to the following year.

article thumbnail

Labor Rights in Norway

Global People Strategist

Salary Deductions: Employers in Norway are not allowed to make any deductions from wages/salaries or vacation payments unless those deductions are either statutory (required by law) or have already been agreed upon in a written contract.

article thumbnail

Why you need to celebrate employee milestones

Achievers

All-expenses-paid vacation. As a manager, you’re aware that it’s important to give employees everyday recognition, praise, and feedback. You’ll do a better job of effectively delivering this recognition, however, if you understand the reasons behind it.

article thumbnail

Labor Law of Colombia

Global People Strategist

Employees are entitled to avail 15 days of paid vacation each year under an indefinite contract. Female employees are entitled to avail 18 weeks of paid maternity leaves (1 week before childbirth and 17 weeks after).

article thumbnail

3 powerful ways to improve your employee retention rate

Achievers

Health insurance coverage and paid vacation time are considered standard, so going above and beyond that minimum can go a long way toward improving your retention rate. Flexible work schedules, work-from-home opportunities, generous maternity and paternity leave, and paid fitness club memberships are just some of the popular benefit options that communicate value with today’s workforce. People are often told that they should find a job they love.

article thumbnail

Why you need to celebrate employee milestones

Achievers

All-expenses-paid vacation. As a manager, you’re aware that it’s important to give employees everyday recognition, praise, and feedback. You’ll do a better job of effectively delivering this recognition, however, if you understand the reasons behind it.

article thumbnail

15 Awesome Employee Engagement Activities for New Year

Empuls

It can be as simple as spending more time with family, picking up a good hobby, or even living up to their dream vacation. Employees are nominated for fantastic rewards that can be an all-expenses-paid trip or impressive personal wear.

article thumbnail

8 Steps to Better Employee Performance and Productivity at Work

Achievers

Celebrating big milestones with experiences like concerts or paid vacations can be huge motivators as well. High performing, engaged employees can take your organization to new heights. But employee performance isn’t a dial you can turn up or down at will.