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Five Ways to Make Your Employee Vacation Time Count
Modern workers embody the phrase "work hard, play hard" - and every grain in the paid vacation hourglass is important. A recent PayScale survey says that most employees value their employee vacation time off over a higher base salary. When asked if they would trade some of their employee vacation time for a higher salary, 70% of respondents answered "no."
Fear of Paid Vacation? About 18% of respondents use half or less of their paid vacation days each year, some for fear that they might not seem as dedicated to their jobs in the eyes of management.
TIP: You wouldn't think of taking only half of your salary, so why not take full advantage of this hard-earned aspect of your compensation package? Your employer provides paid vacation because they want you to use it.
How do employers accommodate employee vacation time requests? With graciousness, usually. Of our respondents, 74% said they have not had to cancel or reschedule their employee vacation time this year due to work conflicts. However, that means over a quarter of those surveyed did have to do so.
TIP: While there's always a chance of work schedules being overhauled with little notice, it's important to choose employee vacation time with care. Making a comprehensive list of upcoming deadlines and project due date before scheduling paid vacation time can help prevent the disappointment and cost that come with changing vacation plans.
There's a fine line between hoarding employee vacation time and using it too quickly. Most of our respondents had used a very reasonable 25% to 50% of their paid vacation time by mid-July, but 20% hadn't used any - a sign that it's time to start heading for the beach or the mountains. On the other hand, 14% had used nearly all of their paid vacation time.
TIP: Save paid vacation time for future relaxation - and for unexpected events. If you use too much of your employee vacation time in the first half of the year, you won't have a safety net for whatever comes up.
Over half of respondents found it stressful to return to work after a vacation. To make your comeback easier:
About the Author: Betsy Ribera is the Vice President of Consumer Marketing for PayScale, Inc., a market leader in online compensation information, providing access to accurate compensation data for both employees and employers. With the world's largest database of individual employee compensation profiles at her fingertips, Betsy provides immediate and precise insights on the job market.