Vacation benefits used to be filed under perks. The data no longer supports that. In an AICPA survey, 80 percent of respondents said they would choose a job with benefits over an identical job paying 30 percent more without them, and 84 percent of employers report that financial wellness tools improve retention.
This paper makes the business case for treating vacation time, and the savings tools that make it usable, as an investment with a measurable return across retention, recruitment, engagement, and financial wellness.
What is inside
- The 20 point gap between companies with strong retention and weak retention in how they treat vacation time
- Why new hires offered vacation savings with employer contributions are 35 percent less likely to leave in their first year
- How satisfaction and engagement translate into tenure, drawing on findings from Mercer and Gallup
- Why one third of Americans now name travel as their top savings goal, and what that means for benefits design
PDF, 6 pages. No form required.