Paid time off is good for employees and employers (March 31, 2014)
By Monica Bitrick, Bitrick Consulting Group
Offering paid time off has a number of benefits that can impact and cost a company far less than the paid time off employees may take during the year. Paid time off allows employees to have a work-life balance without the worry of lost or decreased income for the employees.
As employees are required to work longer and harder hours as a part of 24/7 business operations, job-related stress can be a major concern in the workplace. Job-related stress leads to lower productivity, increased absenteeism, lower employee morale, health issues and high turnover. Paid time off can not only significantly decrease work-related stress, it can also be beneficial to the economy. As employees are allowed to take paid time off from work, they are able to take vacations, go shopping, eat at restaurants, and enjoy other recreational activities, all benefitting the economy.