You can negotiate for additional vacation time in salary negotiations
How Employees Get Paid Time Off
Paid time off (PTO) typically accumulates for employees based on their years of service with the organization and their job level. For example, employees accrue 3.0769 hours in each pay period they work if they are eligible for 10 days or two weeks of vacation. (This calculation assumes there are 26 pay periods for the employee.)
Note: For most jobs, paid time off is standardized across roles and lengths of service for employees. Employees start their jobs with one or two weeks of vacation. As their years of work progress, they become eligible for more weeks of paid time off. Typically, paid time off caps out at amounts that accumulate to four to six weeks of paid leave.
You Can Negotiate for Paid Time Off
Individual employees can also negotiate for paid time off. Additional days are more frequently granted to upper management and executive-level employees. However, if you are a potential employee leaving your current organization with five weeks of accrued vacation, it’s better to negotiate rather than accept two weeks of paid time off as part of the standard job offer. In fact, without additional paid time off, you may be better off declining the job offer.
For example, at your current organization, you have accrued five weeks of vacation annually due to your length of service and level. An employer who values your experience and skills is usually willing to deviate from their standard practices to start new hires with two weeks or even one week of paid time off.
Employers recognize that managers and senior employees will not take this type of backward step in their compensation plans. You may not get what you negotiate for due to the employer’s past practices and fairness towards current employees, but it’s worth a try. You can then make decisions about the job offer considering the entire compensation package.
Note: The same advice applies to potential employees with hard-to-fill skills or rare degrees. Employers are willing to negotiate higher levels of compensation and benefits like more paid time off with hard-to-fill employees.
Paid time off is also negotiated as part of a standard labor union contract in workplaces represented by a labor union. In such places, individual employees are unable to negotiate their number of paid time off days. What has been negotiated by the union is a standard practice across everyone.
Paid Time Off Offered by Employers
While there are no laws in the United States requiring employers to offer paid time off as a benefit, preferred employers do provide paid time off to their employees.
In fact, paid time off has become such a common benefit that potential employees expect paid time off as part of the overall benefits package. Most organizations use a formula to determine a certain number of accumulated hours during each pay period based on the time spent at the company.
Paid time off in the United States ranges from five to 30 days. In Europe and other parts of the world, paid time off is typically more generous.
According to the Bureau of Labor Statistics, paid time off varies by years of service with the organization.
Employees who have worked for one year receive an average of 8.1 paid vacation days, those who have worked for three years receive an average of 10.2 paid vacation days, and those who have worked for five years receive an average of 11.9 paid vacation days, and so on.
In addition
Additionally, professional and technical employees and related personnel receive paid vacation days higher than average. For example, they receive 10 days after one year and 17.8 after 25 years. On average, regular workers and service jobs receive 6.8 fewer paid vacation days after one year and 14.1 after 25 years.
Candidates for executive positions can negotiate for more time, as can those with in-demand skills and experience.
If you are looking for a job, you know that when an employer presents you with a written job offer, they want to hire you. You have nothing to lose by trying to negotiate for a higher salary and more benefits like paid vacation days at a higher rate.
Note: Be wary of phrases like “this is a non-negotiable offer” or “this is our final offer” when you are in negotiations. The employer will let you know when you are pushing their limits, at which point you should decide on the offer made. Don’t lose your ideal job over a few dollars or a few more benefits than the employer feels comfortable offering you.
Source: https://www.thebalancemoney.com/paid-vacation-days-1918285
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