If employees can’t use their PTO to walk down a white sandy beach, or pay a visit to Mickey Mouse, they don’t want to use it at all — but it’s costing their employers big time.
Since shelter-in-place orders went into effect, employers have been grappling with high PTO balances as employees let their vacation days expire. Ninety-two percent of employees cancelled, postponed or avoided booking a trip due to the pandemic, according to an employer survey by IPX1031, a Chicago-based financial services company. Employees didn’t even want to take time off during winter holidays; 61% of employees planned on working, according to a survey of more than 1,000 full-time employees by Skynova — a business software company.
