Following the holiday rush, many employees are ready for a second vacation. According to the 2007 Compensation Data - New York results, exempt employees with five to nine years of experience have 15.1 vacation days on average. Non-exempt employees with the same years of service have 14.5 days.
The number of vacation days offered to exempt employees in New York has changed little since 2005. Those in their first year average 8.6 days and then, are given 11 days after their first year. Workers with 15-19 years of service typically average 20 days. A study by Expedia.com revealed 35 percent of U.S. employees wonít utilize all of their vacation time, and on average, each will leave three days unused.
Compensation Data - New York also reported 66 percent of companies allow carryover of vacation days, and 90.3 percent place a cap on the number of days that can be carried over. The maximum number of carryover days allowed is 13.8 days for exempt employees and 13.5 for non-exempt employees.
As Gen Y enters the work force, many companies are looking for new ways to recruit top talent, said Amy Kaminski, manager of marketing programs for Compdata Surveys, the nationís leading compensation and benefits survey data provider. Offering extra vacation time in the recruiting process and allowing flexible schedules are two practices that appeal to this group.
In 2007, extra vacation time was offered as a recruiting tactic by 17.5 percent of New York organizations. Flexible schedules are another way organizations can bolster time off packages. According to the results, 55.1 percent of companies allow flexible schedules. When comparing prevalence among employee groups, they are most offered to technical/professional and management employees, at 40.8 and 37.8 percent respectively.
New York Employees Pack Their Bags for a Vacation
Following the holiday rush, many employees are ready for a second vacation
