According to the report, 58% of responding companies have a PTO program. Of the 58%, most include vacation (96%), sick leave (92%), and personal days (86%). Forty-two percent include care for dependents.
For employees with five years of tenure, about 38% offer 11-19 days of PTO, and about 30% offer 20 to 24 days.
Seventy-eight percent of respondents’ PTO programs allow PTO days to be carried over from year to year; however, most cap the number of days that can be accumulated. Thirty percent cap at 30-59 days, while about 28% cap from 20-29 days.
For holidays, over 90% of respondents are offering New Year’s Day, Memorial Day, Independence Day, Labor Day, and Thanksgiving, and 81% will offer the Monday after Christmas.
The survey garnered 905 responses, from firms representing a wide range of types of business. There was a good mix of company sizes, and respondents were well distributed across the U.S., BLR said.
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