Paid time off, or leave, across vacation days, sick days, and holidays is a critical component of an employer's benefit package in Georgia. Employer size has an impact on regulations; they may differ from state to state. The creation of the proper plan for your company's particular employee group might affect employee retention and competitive hiring.
The first consideration is whether you want to provide a combined leave plan or not. A consolidated leave plan provides a single amount of time for employees to take off for vacation, illness, or other personal interests. Workers who don't have consolidated leave plans typically maintain separate leave policies for various purposes. Consolidated leave packages have been on the rise in recent years. Consolidated leave packages are offered by 44% of Georgia businesses.
A paid time off (PTO) plan combines sick and personal days into one. This provides employees more choice and the employer benefits as well. At five years, the average number of leave days in a consolidated plan is 21, while just vacation days are 14 after ten years of service for Georgia employers. The average number of leave days in a consolidated plan at 10 years is 24, whereas the average number of paid vacation days is 17.
The majority of employers in Georgia provide paid vacation as part of a combined leave plan or as a standalone program. Employers in Georgia offer paid vacation 89 percent of the time. This is generally industry based, such as an hourly employee at a retail store vs. a technology firm. Download our Mployer Insights research to see how your sector compares.
Holidays are a crucial element of a leave package, depending on the size and sector of the company. 33 percent of employers only provide six paid holidays to their staff. 55% give between 7 and 10 paid days off, while 26% provide more than 10 paid days off. The following are core holidays that may be included: New Year's Day, Independence Day, Labor Day, Thanksgiving, and Christmas, as well as Veterans' Days, Memorial Day, and other similar occasions. It is up to the employer's discretion whether or not they will include these days.
Download your free Mployer Insights report to see how your company's paid time off policy compares to others similar to you in Georgia in the same industry and size range. Understanding how your plan compares against companies similar to yours might be a useful recruiting and retention tool.
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