Despite the growing discussion around offering employees paid time off as a benefit that gives them greater flexibility, the majority of employers continue to stick with the traditional vacation time benefit.
A survey by benefits consulting firm Lockton Companies tells us that 75 percent of large employers prefer to package time off as vacation time, compared to 38 percent who lump all paid time off into the PTO category.
An earlier survey by the Society for Human Resource Management that included smaller employers found just about the same trend.
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Dan Cook
Dan Cook is a journalist and communications consultant based in Portland, OR. During his journalism career he has been a reporter and editor for a variety of media companies, including American Lawyer Media, BusinessWeek, Newhouse Newspapers, Knight-Ridder, Time Inc., and Reuters. He specializes in health care and insurance related coverage for BenefitsPRO.
