Is Your Companies PTO Policy Costing You Good Employees?

“This sounds like a great opportunity.” the candidate said. “What are the benefits like?”  So we discussed various health care options, additional insurance, retirement plans, and then it happened…..PTO…and the conversation was over.  If your company is not offering a competitive amount of paid time off you certainly are not alone, but you are likely also among the many companies that are struggling to attract/retain good people, no matter how wonderful you are to work for otherwise.  Especially post-pandemic, work-life balance is even more important than monetary compensation to many candidates we meet.  In fact, often it is THE driver that compels someone to even consider making a move.  Take a look at this insightful article that provides current Paid Time Off trends in the US.  If your companies PTO offering is below average, you just may be losing great people to companies offering more right in your back yard.

https://www.forbes.com/advisor/business/pto-statistics/#key_pto_statistics_and_trends_section