According to the U.S. Travel Association, 40 percent of Americans don’t use all of their vacation time. Many say this is because they fear all of the work that will pile up while they are away.
But what if you were to find out that taking time off could actually help you get ahead at work?
Recent internal research at audit firm EY found that employees who use more or all of their vacation days end up with better performance reviews. In fact, for each 10 vacation hours a person took, the research found on average that performance reviews were 8 percent higher.
Vacation time was also a factor in employee turnover. Every 40 hours of free time taken by an employee extended their stay at the organization by eight months.
Anne Weisberg, senior vice president at a nonprofit that examines the “work-life fit,” the Families and Work Institute, believes that people know there is a correlation between taking time off and better work performance.
“We all know this intuitively, that we are not performing at our best when exhausted,” Weisberg said. “Taking a break can bring you back and increase your performance. People on some level understand that. The question is what is the tone being set by the team leader?”
EY wants to combat this “always-on” culture by encouraging employees to use their vacation days. The question is, will other businesses see the benefits and follow suit?
Note: “Fresh Ideas” are published each week by Countybank and its family of financial service companies. With financial centers in Greenville and Greenwood, Countybank has a team of highly engaged professionals ready to bring a full scope of financial solutions designed to help families and business owners reach their goals.