What industry experts say…
Employee Vacations Yield Significant ROI for Employers
“Smart companies understand the value of vacations and encourage workers to take them… They actually help workers plan for vacations because they understand their value.” –Carroll Lachnit, editor of Workforce Magazine, Irvine, CA.
Reduced Healthcare Costs
“U.S. Workers gave back $21 billion to their employers by not taking vacation last year. Still, that brought no joy to many in the executive suite who noted that companies lost $150 billion in 2002 in costs related to worker burnout.” – www.courierpostonline.com .
A study of 46,026 employees found those who report depression, heavy stress or other risk factors are far more likely to have extremely high healthcare costs. The burned out employee will utilize medical services, experience increased sick time and have lower productivity, all costing the employer money. — Health Enhancement Research Organization, Birmingham, AL.
Scientific studies show that men and women taking time off were less likely to die from coronary heart disease. Those sobering stats join a body of research revealing that going on vacation has resorative effects like decreased stress and job burnout. — www.hearald-dispatch.com, 7/6/2004
Middle-aged women who took vacations very infrequently (defined as once every six years or less often) had eight times the risk of either having a heart attack or dying or heart disease. — Researcher Elaine Eaker
Many Americans are involuntary workaholics, results of a recent survey suggest. More than 30% of workers gobble their lunch while they work and nearly 20% said they are too overworked to use their annual vacation time — even though they already have fewer vacation days than workers in other industrialized nations. Regular vacations are preventive medicine; they cut down on stress-related illness and save health care dollars. — Oxford Health Plans Survey New York, NY 2/22/2001
In a study of 12,338 middle-aged men at risk for heart disease, researchers at the State University of New York in Oswego found that those who did not take regular vacations were more likely to die over a nine-year period than those who did, especially from heart problems. New research suggests that working for years without taking vacations could put people at risk for early death, particularly from heart disease. The difference in death rates was most significant between the 13% of participants who never took vacation and the 26% who reported taking five vacations a year. The five-vacation group …had a 40% lower risk of dying compared to the no-vacation group. Vacations may not only be enjoyable, but also health promoting. – Vacations Delay Death, Psychosomatic Medicine September-October, 2000; 62:608-612.
Employers are learning to recognize that for every dollar of vacation benefits they provide their employees, they receive a $3 return on the benefit investment in the form of improved employee productivity and morale. — Austin Business Journal
European countries, for example, mandate a minimum of four weeks vacation per year compared to two weeks in North America. Yet Europe surpassed the U.S. In growing its productivity year over years for 14 of the 19 years between 1981 and 2000, according to the U.S. Federal Reserve.
“If you work seven 50-hour weeks in a row you don’t get more done than in seven 40-hour weeks. Overtime is not productive and fatigue seeps into the regular work time.” — Why the Brain Needs a Break, Hara Estroff/Marano, Psychology Today, December 22, 2006
Employees who are overworked (i.e., those who do NOT take vacations) are more likely to make mistakes, be angry at their employers and colleagues who don’t work as hard, have higher stress levels, feel symptoms of clinical depression neglect themselves and report poor health. – Families and Work Institute
55% of workers who didn’t take all their vacation time experienced high levels of feeling overworked versus the 27% who did. – Families and Work Institute
“Workplace stress can take its tool. In order to maintain a strong state of mental health, the human body needs a release and a source of replenishment. An ideal vacation should eliminate stress, encourage relaxation and provide opportunities for rejuvenation, making the benefits of the experience immeasurable.” –Dorothy Cantor, President of the American Psychological Foundation.
“Research suggest that reducing stress and taking regular vacations — once or twice a year — may be as vital to your emotional and physical well-being as exercise or a healthful diet. And the benefits don’t stop there. Vacations seem to have a positive impact on families and organizations as well.” – RealAge, Inc., peer-reviewed by Dr. Axel Goetz, June 2006.
At Business Culture Solutions, we have selected a new-to-market non-traditional voluntary employee vacation benefit provided by a demonstrated industry leader with a long history of under-promising and over-delivering — and at lowest market prices!
You can structure this benefit at (1) no cost to company, (2) shared cost, or (3) no cost to employees, dependent upon your circumstances and goals.
You can bundle in additional legal protection and home improvement savings for your employees resulting in even more enhanced gratitude, loyalty, freedom from life’s potential but unwanted distractions, and enhanced productivity by your employees.
Engage with us in a confidential, no-risk, Business Culture Solutions Discovery Conversation to learn more!