Memorial Day weekend is behind us and summer is almost here. The days are warmer and longer, and for some employees, it means summer hours at the office. Companies offer summer hours as a perk to employees, which grants them reduced work hours on Fridays to enjoy longer weekends. How common are these programs in business?
According to an article in the Wall Street Journal, “thirty percent of companies say they plan to offer some form of summer hours this year, according to a recent poll of 228 public and private firms by the Corporate Executive Board, a business research and advisory firm. Last year, just 15% of firms actually implemented the program.”
It is clear that employers find value in providing extra time off for employees. But you may be wondering, “What is the ROI for employers?” The answer is to build employee engagement and drive increased productivity.
The article states, “companies cited employee engagement as the top reason for implementing summer hours, followed by increased productivity. Cost savings and reduced turnover were minor considerations, the survey found.”
Despite the gradual economic recovery, many employees continue to work long hours with fewer resources, so companies grant the extra time off as a way to boost staff morale and show their appreciation. Summer hours increase employee productivity because there’s more incentive for employees to stay focused and get things done throughout the work week. Additionally, the extra time off allows employees to relax and recharge, so they are more energetic and more productive the following week.
At Achievers, employees are granted half days before all public holidays. Additionally, employees are given two “patio passes” to take off a Friday afternoon during the summer months. The company gives employees the power of choice to select days that work best for their schedule. Employees use patio passes to travel, visit family and friends, attend a baseball game, enjoy a round of afternoon golf and much more. The key takeaway is that employees can choose what day is convenient for their schedule, which makes the perk more valuable to them. As a result, employees feel valued and appreciated for their hard work and are more committed to the company.
How does your company utilize vacation time to motivate and engage employees?