Market Signals – Global Job Market Trends – April 2024 summarized!
What do you think will happen to the number of days of paid vacation / holiday in your country in future?
1. The USA as a country, lags the world in time off.
More PTO. #3 is a BAD question. It depends how long someone has been here, as with MOST
companies. Very bad question.
In American culture, this is so ingrained - it would be difficult to change. We cannot even provide
individuals with sick leaves!
Flexible, less rule driven and more principle driven; hope US is influenced by Europe.
No Change. Note - Your survey does not allow me to accurately answer question #3. The amount varies
depending on years of service (10 vs max of 25).
I think that paid holiday vacations will and should experience significant growth because I people don't
always take their vacation because of being too busy. But I could us 4 weeks of vacation even if 2
weeks are without pay and I would be very happy with that.
I pray we go to a mandatory 20 day minimum; however, think only slight growth will occur and it will not
occur in the city I work and live. Cheap labor comes at a price.
Truthfully, I'm not sure. My hope is that they would increase. I think a system where the longer you work
at one place, the more vacation time you get just doesn't make sense, especially in this economy where
workers are afraid to be loyal to a single company and companies are laying off people left and right. I'd
love to see us move to a system where every worker is guaranteed a certain amount of paid vacation
because it's the right thing to do.
Number of vacation days will grow but employees are too busy to take off or feel if they do their job is
threatened. Companies do not understand they are doing a disservice to not only to the employee but
the company - it is called burn out!!
In the USA, it up to the employer; although some individual states are starting to mandate paid time off
for sick leave.
I have no clue as to the trend.
Slight growth Answer to question 2 - As self employed it can range from 0 - 40.
The 38 days are combined: 25 holiday and 13 ADV (in Dutch arbeidstijdverkorting, literally translated as
working time shorting). At my company is the new way of working introduced, because of this the
company want's to delete the ADV arrangement. Therefor it seems that only the 25 days stay.
Depends on how competitive the industry is and how the company is trying to position itself.
May see an alignment upwards for the lower grades, so that all employees are treated more fairly,
regardless of grade. (Question 2 would not let me answer accurately - our employees get between 18 &
30 days holiday depending on grade).
The US employer might get more enlightened and learn that allowing more time off, or allowing the
employee to decide, is actually good for business.
Reductions for general employees; increase for executives.
Slight to significant reduction has been the trend as more American jobs go overseas.
Vacations, Holidays, sick days, etc. are going to be lumped together, similar to PTO.
The tighter money gets other benefits have to be given. I see more paid days off as a option.
I don't see the US and most businesses in the US recognizing the value of time away and until they see
the benefit no real changes will happen. In fact I believe most employees (salary) lose out on truly using
their time off because of the expectation to "always be available."
I have no idea yet agree with Sir Richard Branson on this one. Thank You, Tracy
Between no change and slight reduction. As I work un France, we might have less bank holiday on the
future
Look at what other countries do. The US is way behind, people are burnt out and you really don't go on
vacation because you take your computer.
Until American workers feel comfortable taking a week+ of PTO at once, and using all of their allotted
PTO each year, then it is unlikely that most employers will provide more. Employers must first provide
an work environment where employees feel confident to take PTO. Just like the minimum wage
increase, employers will fight governmental regulations dictating minimum levels of PTO.
More employers leaning toward flexing time off
More flexibility. Cashing in or buying additional. Career breaks for long breaks to improve work life
balance etc
No change current holiday time off after 1 year - 10 days 8 years - 15 days 15 years - 20 days 25 yaers -
25 days
No idea and don't plan to work long enough to find out.
Re #3 above, 44 is a maximum Anticipate a slight growth in the number of vacation days provided.
US is not likely to mandate time off.
#3 answer is typically based on years of service. #4 is no chane
Contemplating unlimited PTO (Paid Time Off)
Provided the government doesn't get involved in this decision making process, there will be NO change.
All bets are off if the government tries to regular this as well.
I think the workforce here will ultimately end up being contract based, which probably means no little to
no paid vacation for anyone.
2. I think that there is a large cultural shift that needs to happen before the US decides to move in a better
direction with work life balance. Some younger companies are there, but it will take a significant amount
of time and, unfortunately, government regulation will be needed to create an equal playing field across
the board.
Employers will whine they aren't competitive or will lose work offshore if they have to give up any more
paid time for no work. (in my opinion send work offshore to avoid national rules or trends)
Growth. The Industrial Revolution is gone, so hopefully those who feel that "time in" proves work or
productivity, will fade to allow for actual work life harmony.
For those whose jobs do not require them to have set hours, the concept of paid vacation will continue
to lose significance. In a work world where many work from tables and smartphones 24/7 and where a
global presence means responsibilities that span timezones, people work when they need to and take
time off when they can. Taking a few hours, or a day of paid vacation will be meaningless. Paid vacation
will be reserved for long-term (weeks or longer) absences and treated more like sabaticals.
No - slight growth. We haven't seen an increase in decades, whereas other countr ies have surpassed
us in this area. It's embarrassing.
I think the line between work/ personal time is getting more blurred. I think employees may get more
"days off" but will be expected to be working at least part of that time
Some standards should be set.
Pendulum swings according to the availability of Human Capital.
Days may change for new hires and usage will change such as the example in this email
I don't have a positive number off the top of my head for holidays. The below answers are for #2/#3. We
get a handful of national holiday and Unlimited PTO. We do not acru vacation time. We have a
professional time off policy. You make smart, collaborative decisions as to when to take time off.
I think most employers will move to current year vacation and s tart at 15 days (instead of 10). I don't see
much movement elsewhere
I hope there will be change in terms of flexibility, but truth is that I am not very optimistic.
For US participants, you need to allow for answers to question #3 expressed in a range. Em ployees
earn more time off based on years of service...typically.
Because if employers don't voluntarily give American workers time off (comparable to other developed
countries), it will only hasten the resurgence of labor unions in the US.
If GOP takes control of the White House, Senate and House, there will be a total reduction in wages,
benefits and time off. Time off will fall to 1 day per year, except for people who make over $10 million
per year or have personal assets of $20 million. These people wil l receive $100,000 each year for
leisurely pursuits including rape and torture of serfs and part-time fast-food workers.
Nothing will change in the US companies don't care if workers have time or jobs for that matter.
Slight growth overall but it will continue to vary by industry. HIgh tech companies like mine are more
generous with vacation time.
Perhaps slight growth, but there is concern that unlimited vacation policies actually limit the time off one
has available because it's no longer defined. In essence, all time is work time under such a policy. Also,
this survey should allow for a range under number of vacation days full -time employees are given. In my
company, for example, it ranges from 15-27 based on tenure.