SHRM Survey Findings 2015 Holiday Schedules November 10

SHRM Survey Findings: 2015 Holiday Schedules November 10, 2014

Definitions In this survey, a floating holiday is defined as a holiday that provides an employee paid time off to observe a holiday not observed by the organization. For example, employees receive a paid day off (in addition to paid holidays or vacation days) to take when they wish, such as on their birthday or on another holiday that is not a scheduled holiday for the organization. 2015 Holiday Schedules ©SHRM 2014 2

Key Findings • Which 2015 holidays will most organizations observe by closing their offices? The 2015 holidays that most organizations (94 -97%) will observe are: » New Year’s Day (Thursday, January 1) » Memorial Day (Monday, May 25) » Labor Day (Monday, September 7) » Thanksgiving Day (Thursday, November 26) » Christmas Day (Friday, December 25) • Which religious holidays in 2015 will most organizations observe? Overall, few organizations close their offices on religious holidays, with the exception of Christmas Eve and Christmas Day: in 2015, 47% of organizations will be closed on Christmas Eve and 97% will be closed on Christmas Day. The next most common religious holiday for which some organizations will be closed is Good Friday (28%). • Does your organization offer floating holidays (other than personal days and paid holidays) to employees? Just over one-third (36%) of organizations reported offering “floating holidays” to employees. Of those that do offer these holidays, 72% offer 1 -2 floating holidays a year. 2015 Holiday Schedules ©SHRM 2014 3

Percentage of Organizations Offering Paid Holidays to Employees Full-time employees Part-time employees [CATEGORY NAME] [VALUE] Yes 56% Yes 98% n = 490 n = 473 2015 Holiday Schedules ©SHRM 2014 4

Number of Paid Holidays Organizations Offer Annually (if this benefit is provided) On average, organizations that provide the benefit offer 9 paid holidays to full- and part-time employees. 22% 21% 13% 11%11% 15% 13% 12% 10% 8% 7% 6% 6% 5% 2% 1 -5 days 6 days 7 days 8 days 9 days Full-time employees (n = 481) 10 days 11 days 12 days 13+ days Part-time employees (n = 263) Note: Excludes floating holidays. Only respondents whose organizations offered paid holidays to the respective employee group were asked this question. Percentages may not equal 100% due to rounding. 2015 Holiday Schedules ©SHRM 2014 5

Floating Holidays Organizations offering floating holidays Number of floating holidays offered to full-time employees annually 1 day Yes 36% No 64% 43% 2 days 29% 3 days 14% 4 days 9% 5+ days Note: n = 489. Excludes personal days and paid holidays. 5% n = 173 2015 Holiday Schedules ©SHRM 2014 6

Organizations’ Operating Status on Weekends Open on Saturday and Sunday 23% Only open on Saturday Only open on Sunday Not open on weekends 9% One-third of organizations (33%) are typically open for business on at least one weekend day. 1% 67% n = 488 2015 Holiday Schedules ©SHRM 2014 7

2015 Holidays Organizations Plan to Observe: January - May 2015 Holiday, January-May Closed Close Early Remain Open New Year’s Day: Thursday, January 1 95% < 1% 4% Day after New Year’s Day: Friday, January 2 16% 2% 82% MLK Jr’s birthday: Monday, January 19 37% 0% 63% President’s Day: Monday, February 16 35% 0% 65% Ash Wednesday: Wednesday, February 18 0% < 1% 100% Chinese & Vietnamese New Year: Thursday, February 19 0% 0% 100% Good Friday: Friday, April 3 28% 5% 67% Beginning of Passover: Saturday, April 4 3% 0% 97% Easter Monday: Monday, April 6 5% < 1% 95% Friday before Memorial Day: Friday, May 22 4% 12% 85% Shavuot: Sunday, May 24 3% 0% 97% Memorial Day: Monday, May 25 94% 1% 5% Note: n = 96 -483. Percentages may not total 100% due to rounding. Respondents who answered “not sure” were excluded from this analysis. For holidays that fall on a weekend, analysis includes only respondents whose organizations are regularly open for business on Saturday or Sunday. 2015 Holiday Schedules ©SHRM 2014 8

2015 Holidays Organizations Plan to Observe: June - October 2015 Holiday, June-October Closed Close Early Remain Open First day of Ramadan: Thursday, June 18 < 1% 0% 100% Day before Independence Day: Friday, July 3 60% 8% 33% Independence Day: Saturday, July 4 76% 1% 23% Monday after Independence Day: Monday, July 6 6% < 1% 94% Friday before Labor Day: Friday, September 4 1% 12% 87% Labor Day: Monday, September 7 95% < 1% 5% Rosh Hashanah: Monday, September 14 < 1% 99% Yom Kippur: Wednesday, September 23 < 1% 100% Eid al-Adha/Festival of Sacrifice: Thursday, September 24 0% < 1% 100% Sukkot: Monday, September 28 0% < 1% 100% Columbus Day: Monday, October 12 16% < 1% 84% Note: n = 140 -479. Percentages may not total 100% due to rounding. Respondents who answered “not sure” were excluded from this analysis. For holidays that fall on a weekend, analysis includes only respondents whose organizations are regularly open for business on Saturday or Sunday. 2015 Holiday Schedules ©SHRM 2014 9

2015 Holidays Organizations Plan to Observe: November - December 2015 Holiday, November-December Closed Close Early Remain Open Diwali: Wednesday, November 11 0% < 1% 100% Veterans Day: Wednesday, November 11 20% 1% 79% Day before Thanksgiving: Wednesday, November 25 6% 20% 74% Thanksgiving Day: Thursday, November 26 97% 1% 2% Day after Thanksgiving: Friday, November 27 76% 1% 23% First day of Chanukah: Monday, December 7 0% < 1% 100% Day before Christmas Eve: Wednesday, December 23 5% 7% 88% Christmas Eve: Thursday, December 24 47% 28% 25% Christmas Day: Friday, December 25 97% 0% 3% Day after Christmas: Saturday, December 26 26% 1% 73% Week between Christmas and New Year’s Day 12% < 1% 87% New Year’s Eve: Thursday, December 31 23% 26% 51% Note: n = 130 -476. Percentages may not total 100% due to rounding. Respondents who answered “not sure” were excluded from this analysis. For holidays that fall on a weekend, analysis includes only respondents whose organizations are regularly open for business on Saturday or Sunday. 2015 Holiday Schedules ©SHRM 2014 10

2015 Federal Holidays Organizations Plan to Observe 2015 Federal Holiday Closed Close Early Remain Open New Year’s Day: Thursday, January 1 95% < 1% 4% MLK Jr’s birthday: Monday, January 19 37% 0% 63% President’s Day: Monday, February 16 35% 0% 65% Memorial Day: Monday, May 25 94% 1% 5% *Day before Independence Day: Friday, July 3 60% 8% 33% Independence Day: Saturday, July 4 76% 1% 23% Labor Day: Monday, September 7 95% < 1% 5% Columbus Day: Monday, October 12 16% < 1% 84% Veterans Day: Wednesday, November 11 20% 1% 79% Thanksgiving Day: Thursday, November 26 97% 1% 2% Christmas Day: Friday, December 25 97% 0% 3% Note: n = 445 -483. Percentages may not total 100% due to rounding. Respondents who answered “not sure” were excluded from this analysis. For holidays that fall on a weekend, analysis includes only respondents whose organizations are regularly open for business on Saturday or Sunday. * July 4, 2015 (the legal public holiday for Independence Day), falls on a Saturday; for most federal employees, Friday, July 3, will be treated as a holiday for pay and leave purposes. 2015 Holiday Schedules ©SHRM 2014 11

2015 Religious Holidays Organizations Plan to Observe 2015 Religious Holiday Closed Close Early Remain Open Ash Wednesday: Wednesday, February 18 0% < 1% 100% Chinese & Vietnamese New Year: Thursday, February 19 0% 0% 100% Good Friday: Friday, April 3 28% 5% 67% Beginning of Passover: Saturday, April 4 3% 0% 97% Easter Monday: Monday, April 6 5% < 1% 95% Shavuot: Sunday, May 24 3% 0% 97% First day of Ramadan: Thursday, June 18 < 1% 0% 100% Rosh Hashanah: Monday, September 14 < 1% 99% Yom Kippur: Wednesday, September 23 < 1% 100% Eid al-Adha/Festival of Sacrifice: Thursday, September 24 0% < 1% 100% Sukkot: Monday, September 28 0% < 1% 100% Diwali: Wednesday, November 11 0% < 1% 100% First day of Chanukah: Monday, December 7 0% < 1% 100% Day before Christmas Eve: Wednesday, December 23 5% 7% 88% Christmas Eve: Thursday, December 24 47% 28% 25% Christmas Day: Friday, December 25 97% 0% 3% Day after Christmas: Saturday, December 26 26% 1% 73% Note: n = 96 -475. Percentages may not total 100% due to rounding. Respondents who answered “not sure” were excluded from this analysis. For holidays that fall on a weekend, analysis only includes respondents whose organizations are regularly open for business on Saturday or Sunday. 2015 Holiday Schedules ©SHRM 2014 12

Looking Ahead: New Year’s Day 2016 (Friday, January 1, 2016) Offices closed Offices close early Offices remain open 94% 1% 5% Note: n = 470. Respondents who answered “not sure” were excluded from this analysis. 2015 Holiday Schedules ©SHRM 2014 13

Change in the Number of Paid Holidays Offered by Organizations Decrease 3% 2% 92% Stay the same Increase 97% 2013 to 2014 (n = 471) 2014 to 2015 (n = 456) 6% 2% Note: Percentages do not equal 100% due to rounding. Respondents who answered “not sure” were excluded from this analysis. 2015 Holiday Schedules ©SHRM 2014 14

Demographics 2015 Holiday Schedules ©SHRM 2014 15

Demographics: Organization Industry Percentage Manufacturing 21% Professional, scientific and technical services 17% Health care and social assistance 14% Finance and insurance 10% Government agencies 10% Educational services 8% Information 5% Retail trade 5% Construction 4% Religious, grant-making, civic, professional and similar organizations 4% Transportation and warehousing 4% Note: n = 463. Percentages do not equal 100% due to multiple response options. 2015 Holiday Schedules ©SHRM 2014 16

Demographics: Organization Industry (continued) Percentage Wholesale trade 4% Accommodation and food services 3% Administrative and support, and waste management and remediation services 3% Utilities 3% Agriculture, forestry, fishing and hunting 2% Arts, entertainment and recreation 2% Mining, quarrying, and oil and gas extraction 2% Real estate and rental and leasing 2% Personal and laundry services 1% Repair and maintenance 1% Other industry 8% Note: n = 463. Percentages do not equal 100% due to multiple response options. 2015 Holiday Schedules ©SHRM 2014 17

Demographics: Organization Sector Privately owned for-profit 45% Publicly owned for-profit 23% Nonprofit 19% Government Other 10% 3% n = 464 2015 Holiday Schedules ©SHRM 2014 18

Demographics: Organization Staff Size 1 to 99 employees 27% 100 to 499 employees 33% 500 to 2, 499 employees 17% 2, 500 to 24, 999 employees 25, 000 or more employees 19% 5% Note: n = 454. Percentages do not equal 100% due to rounding. 2015 Holiday Schedules ©SHRM 2014 19

Demographics: Other Does your organization have U. S. -based operations (business units) only, or does it operate multinationally? U. S. -based operations only 72% Multinational operations 28% Is your organization a single-unit organization or a multi-unit organization? Single-unit organization: An organization in which the location and the organization are one and the same. 30% Multi-unit organization: An organization that has more than one location. 70% n = 475 n = 473 What is the HR department/function for which you responded for throughout this survey? Corporate (companywide) 74% Business unit/division 15% Facility/location 12% n = 346 For multi-unit organizations, are HR policies and practices determined by the multi-unit headquarters, by each work location or by both? Multi-unit headquarters determines HR policies and practices 58% Each work location determines HR policies and practices 4% A combination of both the work location and the multi-unit headquarters determines HR policies and practices 38% n = 344 Note: Percentages may not equal 100% due to rounding. 2015 Holiday Schedules ©SHRM 2014 20

SHRM Survey Findings: 2015 Holiday Schedules Survey Methodology • Response rate = 17% • 492 HR professionals from a randomly selected sample of SHRM’s membership participated in this survey • Margin of error +/-4% • Survey fielded October 8 -23, 2014 2015 Holiday Schedules ©SHRM 2014 21

Additional SHRM Resources • SHRM Survey Findings: Paid Leave in the Workplace » http: //www. shrm. org/research/surveyfindings/articles/pages/paid-leave. aspx • SHRM Customized Benchmarking Service: Paid Leave Metrics » http: //www. shrm. org/benchmarks • SHRM HR Topics & Strategy: Benefits: Paid Time Off » http: //www. shrm. org/hrdisciplines/benefits/pages/paidtimeoff. aspx • SHRM/Kronos Total Financial Impact of Employee Absences in the U. S. » http: //www. shrm. org/Research/Survey. Findings/Documents/Kronos_US_Executive_Summary _Final. pdf 2015 Holiday Schedules ©SHRM 2014 22

About SHRM Research For more survey/poll findings, visit shrm. org/surveys For more information about SHRM’s Customized Research Services, visit shrm. org/customizedresearch Follow us on Twitter @SHRM_Research Project lead: Yan Dong, SHRM Research Tanya Mulvey, researcher, SHRM Research Project contributors: Evren Esen, director, Survey Programs, SHRM Research Copy editor: Katya Scanlan, SHRM Knowledge Center 2015 Holiday Schedules ©SHRM 2014 23

About SHRM Founded in 1948, the Society for Human Resource Management (SHRM) is the world’s largest HR membership organization devoted to human resource management. Representing more than 275, 000 members in over 160 countries, the Society is the leading provider of resources to serve the needs of HR professionals and advance the professional practice of human resource management. SHRM has more than 575 affiliated chapters within the United States and subsidiary offices in China, India and United Arab Emirates. Visit us at shrm. org. 2015 Holiday Schedules ©SHRM 2014 24