According to reports from the Wall Street Journal, more and more companies have come to the realization that time is just as precious as money to many workers. These workers, specifically younger employees, tend to place more value on personal time.

Employers of various industries have been forced to reevaluate how to pay employees during recent storms, floods and transit strikes, which has resulted in paid time off for good job performance. According to the reports, this has also helped managers keep track of employee time off by lumping together vacation, sick, holidays, personal and volunteer leave into one category.

Of those 2,586 workers surveyed, nearly half felt that they put too much energy into work and not enough into things that matter more to them. In fact, 28 percent said they would take a pay cut in exchange for more time off of work.

Employer’s reassessment of workers time off has also helped in the recruitment process. According to the report, time off has proven to be a valuable recruitment tool as the labor market becomes tighter.

Many employers who are currently implementing such programs have seen great success. One has seen an increase in employee morale and work performance, as well as less incentive for employees to lie about being sick in order to get a day off. Other employees encourage the time off to eliminate burnout. Employers found that doing this brought back refreshed and happy employees who were ready to work.

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