TriNet Survey Shows Regional Differences in Employee Paid Time Off
SAN LEANDRO, California, December 30, 2013 /PRNewswire/ --
- Encourages employers and employees to take a PTO health check
TriNet, a leading cloud-based provider of HR services, today announced results of a recent survey that compares regional Paid Time Off (PTO) usage trends for employees of small to medium-sized businesses (SMBs) in the United States. The results show clear regional variances and raise questions about the possible reasons.
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Employers should not ignore PTO usage, as usage rates can have implications on the health and happiness of employees as well as business performance. Not taking PTO can take a physical and emotional toll on workers, such that employers whose employees take little PTO run the risk of unhappy and unproductive workers. In contrast, well-rested and recharged employees may view their workplace more positively, and high employee morale undoubtedly has a positive impact on the workplace, company culture, and the bottom line. Moreover, the cash value of accrued PTO can be a detriment to a cash-strapped employer in states that do not allow employers to zero out balances at the end of the year.
The PTO survey analyzes data of TriNet's more than 8,000 customers and over 218,000 worksite employees in the U.S.[1] The table below shows the top five and bottom five geographic regions ranked by average number of annual PTO-days taken per year:
"Top 5" - The Regions with Most Annual Average Number of Days of PTO
Sacramento-Roseville-Arden-Arcade, CA 13.9
Washington-Arlington-Alexandria, DC-VA 12.0
Charlotte-Concord-Gastonia, NC 11.1
San Diego-Carlsbad, CA 10.9
Denver-Boulder, CO 10.6
"Bottom 5" - The Regions with Least Annual Average Number of Days of PTO
North Port-Sarasota-Bradenton, FL 2.9
Phoenix-Mesa-Scottsdale, AZ 3.6
New York-Newark-Jersey City, NY-NJ 4.5
Atlanta-Sandy Springs-Roswell, GA 5.4
Miami-Fort Lauderdale-West Palm Beach, FL 5.7
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About TriNet
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1. Customer and worksite employee data as of September 30, 2013
TriNet is a trusted strategic HR partner to small businesses, providing critical HR-related services on an outsourced basis. TriNet's solutions help contain costs, minimize employer-related risks, and relieve administrative burden to keep an entrepreneur's focus on their core business functions. From employee benefits and payroll processing to high-level human capital consulting, TriNet's Professional Employer Organization (PEO) expertise and best in class systems relieve clients of many of the day to day administrative burdens that distract them from building and growing their businesses. TriNet serves small and medium-sized companies in a broad range of verticals such as biotech, consulting, financial services, food services, hospitality, not-for-profit, technology and many others, who recognize that top-quality employees are the most critical competitive asset. For more information, please visit http://www.trinet.com.
TriNet, Ambitions Realized and the TriNet logo are registered trademarks of TriNet. All other trademarks, service marks, registered trademarks, or registered service marks are the property of their respective owners.
For the PTO related statistics, the TriNet population consists of full time salaried employees with at least one year tenure between September 2012 and August 2013. PTO consists of both vacation and sick days.
Media Contact:
Jock Breitwieser
TriNet
[email protected]
+1-510-875-7250
Michelle Sieling
Bond PR
[email protected]
+1-415-349-7434
SOURCE TriNet
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