In the January 2019 Snapshot Survey, we asked contractors all about paid time-off. Here's one survey question and its results from the summary report, which is now available in its entirety to EGIA members.
Question: Does your company offer full-time employees paid time-off (PTO), not including paid holidays?
Perks and benefits vary from job to job, industry to industry, but one of the most common across all employers is paid time-off (PTO). According to the contractors who took our survey, its prevalence definitely extends to the home services industry, where 87% of companies offer full-time employees PTO against 13% that do not. While the amount of PTO offered to employees varied widely by company (as seen in the next question), one thing that was relatively consistent was the practice of increasing PTO proportionate to employees’ years of service: 77% of companies offer more PTO to longer-tenured workers, according to respondents.
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For a deep dive into human resources, service management operations, financial structure, and other related concepts, access training materials, recommendations and education pieces in the Contracting Best Practices Library, available in your EGIA Member Dashboard.