Kansas City, Kan. – With gas prices on the rise, many have speculated about the number of trips U.S. employees will take this summer. Despite these concerns, time off packages continue to be a valuable asset when attracting and retaining employees. Whether traveling or relaxing at home, the 2008 Compensation Data - Iowa/Nebraska results found exempt employees in their first year are typically given 7.5 vacation days, while non-exempt have six.
Iowa and Nebraska companies offer a variety of time off packages to employees. The 2008 Compensation Data - Iowa/Nebraska results found exempt employees have 10.1 days on average after their first year. Those with five to nine years of service earn 14.1 days. In addition to vacation time, exempt and non-exempt employees receive 2.9 and 2.8 personal days, respectively. Both have 8.8 holidays a year.
Compensation Data 2008 - Iowa/Nebraska also reported 61.1 percent of companies allow carryover of vacation days, and 89.9 percent place a cap on the number of days that can be carried over. The maximum number of days allowed for exempt employees is 13.4 days, compared to 13 for non-exempt.
“Pay increase budgets have remained unchanged over the last five years, causing companies to bolster time off packages,” said Amy Kaminski, manager of marketing programs for Compdata Surveys. “Currently, organizations are offering extra vacation time when recruiting, and many allow flexible schedules.”
Flexible schedules are one way organizations can cut down on employee commutes. The 2008 Compensation Data – Iowa/Nebraska found 57.4 percent of companies allow flexible schedules. When comparing prevalence among employee groups, they are most offered to hourly employees, 49.7 percent. Additionally, 15.1 percent of organizations utilize extra vacation time as a recruiting tactic.
About the Survey
Compensation Data 2008 – Iowa/Nebraska contains data on 583 job titles ranging from entry-level to top executives. Information was collected on more than 151,000 employees across both states. The results provide a comprehensive summary of pay data, benefits information and pay practices with an effective date of March 1, 2008.
Compdata Surveys is the nation’s leading compensation and benefits survey data provider. Data is collected annually from thousands of organizations across the country. 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.
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