- Paycom's data reveals nearly 25% of employees delay vacation requests until the day of or weeks after their trip.
- One-third of employees struggle with understanding their company's time-off policies.
- A surge of 40% in time-off requests is expected during the summer, with a peak on July 5.
Paycom Software, Inc. (PAYC, Financial) has unveiled surprising trends in employee summer vacation habits, revealing that almost one-quarter of employees do not submit their vacation requests until the day of their trip or even weeks later. This trend appears linked to unclear time-off policies and inconsistent enforcement, which discourage timely compliance.
A 2023 study by Paycom found that one-third of employees struggle to understand their company’s time-off policies. This confusion can lead to pay errors, data discrepancies, and accrual mistakes, adversely affecting staffing levels and business continuity.
Tiffany McGowen, Senior Executive Vice President of HR and Talent Acquisition at Paycom, emphasized the necessity for accessible and efficient time-off systems to prevent understaffing or productivity downturns during peak vacation seasons. She advocates for organizations to establish clear time-off policies that align with staffing needs and set deadlines for high-demand vacation periods.
The demand for effective time-off management has heightened as businesses brace for a 40% increase in summer vacation requests, with July 5 being the most popular day, experiencing a 326% spike compared to an average day in 2024. To address this, Paycom recommends utilizing software that automates time-off decisions based on set policies, ensuring seamless integration with scheduling and payroll systems.
Paycom's Time-Off Requests tool, featuring GONE®, automates approval or denial of vacation requests by embedding company policies within the software, thus enhancing transparency and reducing process friction. Employees enjoy the convenience of submitting requests from their phones at any time, anywhere.
For more details about Paycom’s time-off management solutions, visit their website.
