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  • URR Paid Holidays and Vacation Time

    March 22, 2017 | By NACE Staff

    Compensation
    A young professional leaves the office to enjoy a week of vacation.

    TAGS: compensation, spotlight, benefits

    Spotlight for Recruiting Professionals

    While the average number of paid holidays for employees in university relations and recruiting functions is fairly consistent, the average number of vacation days ranges more widely throughout the firms that participated in NACE’s 2016 Recruiting Compensation Benchmark survey.

    The number of paid holidays ranges between nine and 11 across company size (see Figure 1), industry (see Figure 2), and region (see Figure 3).

    However, vacation time ranges more widely with the differences based mostly on the size of the company. The smaller firms in the survey tend to have slightly more generous vacation time allotments than do the larger firms.

    For example, the average number of vacation days for firms with 500 or fewer employees is 16 days after the first year of service and 20 days after five years of service compared with 12 days after one year and 16 days after five years for firms with more than 10,000 employees. (See Figure 4.)

    Vacation time varies by industry, with higher numbers of vacation days coming from employers in the energy, trade, and finance industries. (See Figure 5.)

    By region, the average number of vacation days across years of service tends to be higher in the West. (See Figure 6.)

    NACE’s 2016 Recruiting Compensation Benchmark survey was conducted among NACE employer members during the summer of 2016. The survey was open from July 25, 2016, until October 17, 2016. It was sent to 945 employer organizations and responses were received from 174 member companies—an 18.4 percent response rate. The 2016 Recruiting Compensation Benchmark Report is available in MyNACE to members who participated or whose organizations participated in the survey. An executive summary of the 2016 Recruiting Compensation Benchmark Report is also available.

    Figure 1: Average Number of Paid Holidays by Company Size

    Company Size Average Number of
    Paid Holidays
    500 or less 9
    501 - 2,500 10
    2,501 - 10,000 11
    More than 10,000 10
    Source: 2016 Recruiting Compensation Benchmark Report, National Association of Colleges and Employers

    Figure 2: Average Number of Paid Holidays by Industry

    Industry Average Number of
    Paid Holidays
    Energy 10
    Construction 11
    Manufacturing 10
    Trade 9
    Transportation 10
    Information 11
    Finance 10
    Professional and business services 10
    Source: 2016 Recruiting Compensation Benchmark Report, National Association of Colleges and Employers

    Figure 3: Average Number of Paid Holidays by Region

    Region Average Number of
    Paid Holidays
    Northeast 10
    South 10
    Midwest 10
    West 11
    Source: 2016 Recruiting Compensation Benchmark Report, National Association of Colleges and Employers

    Figure 4: Average Number of Vacation Days by Years of Service, by Company Size

    Company Size Average Number of Vacation Days by Years of Service
    One Year Three Years Five Years Ten Years
    500 or less 16 18 20 22
    501 - 2,500 14 16 18 23
    2,501 - 10,000 13 14 18 22
    More than 10,000 12 14 16 20
    Source: 2016 Recruiting Compensation Benchmark Report, National Association of Colleges and Employers

    Figure 5: Average Number of Vacation Days by Years of Service, by Industry

    Industry Average Number of Vacation Days by Years of Service
    One Year Three Years Five Years Ten Years
    Energy 15 16 19 24
    Construction 11 14 16 20
    Manufacturing 12 14 17 22
    Trade 13 13 19 24
    Transportation 13 13 15 19
    Information 13 15 17 21
    Finance 14 16 19 21
    Professional and business services 13 15 16 19
    Source: 2016 Recruiting Compensation Benchmark Report, National Association of Colleges and Employers

    Figure 6: Average Number of Vacation Days by Years of Service, by Region

    Region Average Number of Vacation Days by Years of Service
    One Year Three Years Five Years Ten Years
    Northeast 13 14 17 21
    South 15 15 18 22
    Midwest 10 14 17 20
    West 15 15 19 24
    Source: 2016 Recruiting Compensation Benchmark Report, National Association of Colleges and Employers