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Paid time off is a critical component of any Oregon business's benefit package. Paid time off, or vacation, is a significant indicator of employee happiness, so it doesn't matter if you live in Portland or Salem. The Family Medical Leave Act (FMLA) is federal legislation, but each state has its own individual rules that must be followed.
According to a survey carried out by the Oregon Department of Consumer and Business Services, around 43% of firms in that state provide unified leave packages. Many businesses are moving to consolidated leave plans. The first question for an employer is whether they wish to provide a consolidated leave plan or not.
Is it time to take a sick day or go on vacation? How is this tracked? Is it important? - Yes. It's critical to understand the distinction between days accessible in non-compressed paid time off and leave plans, as more employers move to consolidated paid time off or leave programs. The average number of leave days in a unified plan for Oregon firms at five years of service is 21, whereas, after ten years, it is 15 (23 for combined plans vs. 19 for vacations). At ten years, the average amount of combined leave policies is 23, while that for compensated vacation is 19 (23 vs 19).
Paid vacation is provided by 89% of Oregon employers. This varies by sector and employer size. To see how your industry and size measure up against other Oregon businesses, download a free benchmarking report.
Paid sick leave is provided by 102% of OR businesses. If you provide a paid sick leave policy, it's important to define what qualifies and when notifications are given. Employers in Oregon that offer paid sick leave give 41 percent of their employees the option of carrying over their unused days to the next year (or more).
It's critical to figure out what kind of vacation paid time off plan you'll need. The dates designated by your company and the competitive nature of your business may vary. Is it necessary to give Presidents' Day? Do you have to give Veterans Day? Should you do so? Only 33% of businesses offer their employees six or fewer paid holidays each year. 55% provide between 7 and 10 operational days, while 26 percent provide more than 10 paid holidays.
Download your free Mployer Insights report to see how your firm's paid time off policy compares to others in OR with similar job titles and sizes. Understanding how your plan stacks up against employers around you can be a valuable recruiting and retention tool.
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