Published: 26 April 2023
Benefits offerings should be both relevant to employee needs and externally competitive with the market. Total rewards leaders can use this data on work-life balance, family benefits and paid time off to benchmark their benefits structure against peers and inform next year’s policy decisions.
Nearly all organizations (96%) now offer some form of remote or hybrid working environment to at least a portion of their employees.
The most prevalent remote work guidelines include granting employees the flexibility to choose where they work from and what hours they work.
A narrow majority of organizations (56%) offer separate sick and vacation days as part of their paid time off (PTO) packages. Among these organizations, two-thirds offer between 15 and 24 days of vacation, and three-quarters offer between five and 14 sick days per year.
More than half of organizations (53%) that offer combined sick and vacation days
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Analysts:
Total Rewards Research Team
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