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Vacation Bonuses: Some Employers Paying Workers to Chill
Bloomberg BNA
June 8, 2018
"More than half of Americans left paid vacation days unused in 2017, adding up to 705 million unused days ... In 2016, American employers held a $272 billion vacation liability on their balance sheets ... The U.S. Travel Association, which sponsors the Project Time Off initiative, pays its employees $500 just to take all their vacation for the year. In 2014, the first year the benefit was offered, the association went from having 19 percent of employees using all of their leave to 91 percent. The cost was $26,000 to give the bonuses, and the association cut its vacation liabilities by over $36,000[.]"
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