Re-energizing vacations
Employee Benefit News Canada, May, 2005 by Sheryl Smolkin
Canadian and U.S. employers searching for exotic ways to produce loyal, committed employees may want to take some time off to revisit their vacation benefits.
While a generous or innovative vacation policy is only one component of an attractive total rewards package, there is considerable evidence that vacations matter. In a study of employee benefit trends released last fall, MetLife reported that U.S. workers sweat the big stuff, including health care, disability and retirement, but 64% of full-time employees value paid vacation days significantly more than income protection and pension benefits.
Helene Letzler, a Toronto recruiter specializing in benefits, says age typically influences the way recruits view prospective employers' vacation policies.
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