Paid time off, or leave, across vacation days, sick days, and holidays are an essential component of a workplace's benefit package for employers in Washington from Seattle to Spokane and Kennewick. Regulations vary by employer size and can differ based on the state. The right plan for your company's unique employee group may have an impact on employee retention.
The first thing to consider is whether you want to provide a consolidated leave package or a non-consolidated package. A consolidated leave plan gives a single quantity of time for workers to take vacation, illness, or personal business. Workers who don't have separate leave plans typically maintain individual plans for each purpose. Consolidated leave packages are on the rise these days, with 43% of employers in Washington providing them.
A combined leave plan, also known as a paid time off (PTO) policy, combines both sick and personal days. This gives employees more freedom and the company. At five years of service in Washington, non-compensated consolidated plans provide employees with an average of 21 days of leave whereas vacation days are only 15 at ten years. The typical number of leave days in a consolidated plan is 21 at five years of service, while paid vacation is 19 at ten years.
Employers in Washington provide paid vacation as a part of a consolidated leave plan or as a stand-alone policy, according to the majority. Employers in Washington offer paid vacation 89% of the time. This is often due to sector and industry differences, such as an hourly employee at a retail store vs. a technology firm.
Holidays are an important component of any leave package, and they will vary according to the size and sector of the organization. 33% of firms provide their workers with fewer than six paid holidays per year. 55% offer between seven and 10 paid holidays, while 26 (or 42%) offer more than ten paid holidays. New Year's Day, Independence Day, Labor Day, Thanksgiving, and Christmas are among the fundamental holidays that may be offered if desired by the employer. Memorial Day and many other dates are up to the employer's discretion.
Download your free Mployer Insights report to see how your organization's paid time off policy compares to others in Washington in similar industries and sizes. Understanding how your plan stacks up against other firms in the same industry and size range might be a valuable recruiting tool.