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CNBC: The 10 Countries With the Least Paid Vacation — The U.S. Is No. 2

Employees are beginning to demand more and better benefits. Will franchising be the next target?

By Morgan Wood1851 Franchise Contributor
Updated 1:13PM 12/05/22

Jobs seen in the franchising space are not traditionally known for offering great benefits. However, over the last few years, much in part thanks to labor shortages, employees have gained more leverage.

recent report shows that the U.S. is second on a list of 10 countries with the least paid vacation time offered to its employees. As workers continue to demand employment that fits their lifestyle and needs, it will be important to recognize paid time off as yet another valuable offering.

In the U.S., employees receive 10 days, or two work weeks, worth of paid time off. On the other hand, Austria, for example, offers 25 paid days off and an additional 13 public holidays.

With nearly one-third of U.S. adults saying “they’re so stressed they can’t function,” paid time off seems to be as important as ever.

While a bit less traditional, franchise professionals should begin to evaluate the importance of paid time off within the franchise system. 

Restaurant workers, mechanics, retail employees and more often end up with the short end of the stick when it comes to benefits, but the historical patterns do not make these employees — or their employers — immune to the longer-term personal and business consequences of burnout or stress and a motivation to seek alternative employment.

Read the full article at cnbc.com.

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