Kansas City, Kan.— It's no secret companies are still recovering from the recession and as a result, employees are putting in longer hours. Some companies, however, are offering additional paid time-off for special circumstances that arise, which may help employees maintain their work-life balance. The Benefits USA 2011/2012 survey results found 33.3 percent of companies offered paid time-off for a death in the family. Employees are granted an average of 3.4 days.
During a time of economic instability, a well-developed time-off program is essential for companies looking for a way to compensate employees without stretching already-thin budgets. As organizations push toward recovery, time-off programs are one of the cornerstones of highly competitive compensation programs attracting the best talent.