Workers in Europe enjoy much more paid time off, as mandated by law, than employees in any other part of the world, according to Mercer’s latest Worldwide Benefit and Employment Guidelines. Thereport provides an overview of employee regulation and employment practices across 64 countries worldwide. Statutory holiday entitlement is the amount of vacation time off that, by law, employers must provide to their employees. Most countries and territories also mandate paid time off for public holidays.
“Despite ongoing economic pressures, commitment to work/life balance remains strong in most parts of the world,” says Samantha Polovina, the Mercer principal responsible for the report. “Employers recognize that having a happy, healthy workforce contributes to productivity, and this flows directly to the bottom line.”
“A break from the daily routine is essential to employee wellbeing,” she adds. “Keeping holiday provision as low as possible to minimize lost income and productivity from absent workers may prove counter-productive in the long run.”
Learn how paid time off varies around the world.
For more information and to order a copy of the report, visit www.imercer.com/wbeg.
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<a href="http://mthink.mercer.com/who-gets-the-most-time-off-by-law-2/"><img src="http://mthink.mercer.com/wp-content/uploads/2014/03/140320-Mercer-120-PaidTimeOff.png" alt="Who Gets the Most Time Off, by Law?" title="Who Gets the Most Time Off, by Law?" /></a><br /><a href="http://www.mercer.com/">Infographic by Mercer Insights</a>