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If you asked a business owner what’s the best employee benefit they offer, the answer would likely be the retirement plan matching contribution. When you ask employees, the health care benefit ranks highly, yet paid time off is high on their list. It’s been said 37% of workers prefer paid time off than pay raises.

According to the Bureau of Labor Statistics, 57% of employees participate in their firm’s health plan benefit, which the research indicates represents a 78% “take up rate.”  We know employees view paid time off as a valuable benefit. Bloomberg reports only 48% of employees take all their vacation days. It’s a valuable benefit. According to Forbes, 30% of employees consider mandatory paid time off as a top benefit.

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