The workplace is rapidly evolving, but companies’ approach to time off doesn’t seem to be keeping pace. For now, most employers are sticking to traditional approaches to paid leave. Policies continue to be structured around tenure, and when it comes to parental leave, women typically get more time off than men. However, all that could change as the number of Millennials in the workforce peaks and their influence grows.
About half of organizations use paid-time-off (PTO) plans. According to the new Paid Leave in the Workplace survey findings from the Society for Human Resource Management (SHRM), roughly 9 out of 10 organizations with paid-time-off plans award leave based on length of service.
