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6 or more days of PTO can reduce turnover, study shows
['Caroline Colvin', 'Ryan Golden']
HR Dive - Latest News
Please let us know if you have feedbackIncreasing workers’ paid time off allotment by just a few days can make a big difference, recent research from Florida Atlantic University and Cleveland State University has shown.
Giving workers 6 to 10 days of PTO, not just 1 to 5 days of PTO, significantly reduced resignations — especially for men, a joint study by researchers from FAU and CSU suggested.
The gold standard, it seems, is 11 or more days of PTO.
Why HR wins with PTOGiven the Great Resignation of 2021, strategies to reduce turnover will be crucial to keep in the HR toolbox, researchers implied.
“Leave programs have become a strategic differentiator for employers competing for talent,” Alex Henry, group benefits leader at WTW, said on Monday.