Kansas City, Kan. – As the holidays approach, many employees are packing their bags for a vacation. According to the Compensation Data - Mid-South results, exempt employees with five to nine years of experience have 14 vacation days on average. Non-exempt employees with the same years of service have 13.6 days.
The number of vacation days offered to exempt employees in Alabama, Louisiana and Mississippi has changed little since 2005. Those in their first year average seven days and then, are given 10.3 days after their first year. Workers with 15-19 years of service typically average 19.3 days. A recent study by Expedia.com revealed 35 percent of U.S. employees won’t utilize all of their vacation time, and on average, each will leave three days unused.
Compensation Data - Mid-South also reported 55.2 percent of companies allow carryover of vacation days, and 88 percent place a cap on the number of days that can be carried over. The maximum number of carryover days allowed is 16.9 days for exempt employees and 16.2 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 nation’s 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 12 percent of organizations in the Mid-South. Flexible schedules are another way organizations can bolster time off packages. According to the new results, 51.9 percent of companies allow flexible schedules. When comparing prevalence among employee groups, they are most offered to technical/professional and administrative employees, at 44.8 and 40.9 percent respectively.
About the Survey
Compensation Data 2007 – Mid-South contains data on 524 job titles ranging from entry-level to top executives. Information was collected on more than 289,000 employees across the region. The results provide a comprehensive summary of pay data, benefits information and pay practices with an effective date of March 1, 2007. Compdata Surveys has been providing accurate, reliable data at affordable prices to organizations from coast to coast since 1988. For further information about the compensation and benefits surveys, contact Lane Odle at (800) 300-9570 or lodle[at]compdatasurveys.com.
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