Paid time off, or leave, across vacation days, sick days, and holidays is an important component of an employer's benefit package in Delaware. The rules for paid time off, or leave, differ by company size and may change at the state level. Designing the appropriate plan for your unique employee group might help improve retention and recruitment.
The first key factor is whether you want to provide a consolidated leave package or not. A consolidated leave plan provides a single amount of time for employees to take off work. Because workers without unified leave packages typically have special leave policies for different reasons, the practice has been moving towards consolidated plans. Consolidated leave packages are available in 39% of businesses in Delaware.
Paid time off (PTO) plans provide both employees employers more freedom. Employees gain additional freedom when they use a consolidated leave plan, which combines both sick and personal days. This gives employers greater flexibility while also allowing them to benefit from it. At five years of service in Delaware, the average number of leave days in a consolidated plan is 23, whereas vacation only policies provide 16 days after ten years of service. The average for consolidated leave plans is 26 days at ten years, but 19 days on a paid vacation policy.
The majority of employers give paid vacation as part of a combined leave plan or as a separate plan. Employers in Delaware offer paid vacation 85% of the time. This is typically industry dependent, such as an hourly employee at a store compared to a technology firm. Download our Mployer Insights report to see how your industry compares with others across Delaware.
Holidays are an essential component of a leave package, but they will vary depending on the size and industry of your employer. 33 percent of organizations provide their employees with fewer than six paid holidays. 55 percent give between 7 and 10 paid vacations, while 26 percent provide more than ten. New Year's Day, Independence Day, Labor Day, Thanksgiving, and Christmas are established core holidays that can be added to if desired. It is up to the discretion of the employer.
Mployer Insights provides you with a complimentary report that compares your company's paid time off plan to those of other businesses in Delaware with similar revenue and employees. Understanding how your policy stacks up against others like yours might be beneficial when it comes to recruiting new workers and keeping current ones.
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