logo
Paycom Data Reveals Unexpected Trends in Employee Summer Vacation Habits

Paycom Data Reveals Unexpected Trends in Employee Summer Vacation Habits

Business Wire2 days ago

BUSINESS WIRE)-- Paycom Software, Inc. (NYSE: PAYC) ('Paycom'), a leading provider of comprehensive, cloud-based human capital management software, revealed workplace data around U.S. employees' summer time-off habits. According to Paycom, nearly one-quarter of employees do not officially submit their vacation requests until the day of their trip, or weeks after the fact.
Paycom revealed workplace data around U.S. employees' summer time-off habits.
Unclear time-off policies and inconsistent enforcement may contribute to this trend. According to a 2023 Paycom study, one-third of employees struggle to understand their company's time-off policies — which may deter employees from complying in a timely and accurate manner.
The lack of documented time-off requests can have a ripple effect, causing pay errors, data discrepancies and accrual mistakes, along with a more immediate impact on ensuring adequate staffing levels for business continuity.
'Undermanaged time-off processes are often the root of understaffing or downturns in productivity during popular vacation seasons,' said Tiffany McGowen, senior executive vice president of HR and talent acquisition at Paycom. 'Organizations need accessible, efficient and consistent time-off systems that prioritize business continuity and employee experiences.'
The upcoming vacation surge
Effective time-off systems have become even more essential as businesses prepare to handle a surge of 40% more time-off requests during the summer season. Time off around Independence Day, specifically, is the most in-demand vacation request of the summer, with 326% more requests on July 5 than the average day in 2024.
To prepare for the flood of requests, Paycom recommends organizations:
set and regularly audit time-off policies to ensure they align with current staffing thresholds.
implement deadlines for time-off requests on popular vacation dates. The average employee requests time off around 34 days in advance for high-demand vacation days.
empower managers to reiterate company expectations around time-off request procedures.
use software that automates time-off decisions based on established time-off policies, and then automatically updates those decisions in scheduling, payroll and more.
Paycom's Time-Off Requests featuring GONE ® tool automates traditionally undermanaged time-off processes, instantly approving or denying employees' time-off requests based on criteria set by managers. A company's time-off policies are embedded in the software, providing consistent and transparent decisioning for an improved employee experience. It also removes friction from the time-off process because employees can submit time off from their phones anywhere, anytime.
For more information about Paycom's time-off management solutions, visit https://www.paycom.com/software/time-off-requests/.
Methodology
The data is based on a segment of employees across Paycom's clients who submitted time-off requests through Paycom's Time-Off Requests tool in 2023 and 2024. Time-off requests represent paid and unpaid time-off requests of more than six hours made by full- or part-time employees of organizations operating in the United States. This excludes family leave, jury duty, sick days and company holidays, among others.
About Paycom
For over 25 years, Paycom Software, Inc. (NYSE: PAYC) has simplified business and employees' lives through easy-to-use HR and payroll technology to empower transparency through direct access to their data. From onboarding and benefits enrollment to talent management and more, Paycom's employee-first technology leverages full-solution automation to streamline processes, drive efficiencies and give employees power over their own HR information, all in a single app. Paycom's single database combines all HR and payroll data in one place, providing a seamless and accurate experience without the errors and inefficiencies associated with integrating multiple systems. Recognized globally for its technology and workplace culture, Paycom serves businesses of all sizes in the U.S. and internationally.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

PIF 與 FIFA 攜手,共同舉辦 FIFA Club World Cup 2025™
PIF 與 FIFA 攜手,共同舉辦 FIFA Club World Cup 2025™

Business Wire

timean hour ago

  • Business Wire

PIF 與 FIFA 攜手,共同舉辦 FIFA Club World Cup 2025™

蘇黎世 & 沙特阿拉伯利雅得--(BUSINESS WIRE)--(美國商業資訊)-- PIF 與 FIFA 今日宣佈,PIF 成為 FIFA Club World Cup 2025™ 的官方合作夥伴,賽事將於 2025 年 6 月 14 日至 7 月 13 日在美國舉行。 此次合作展現了 PIF 與 FIFA 的共同願景,即透過創造新機遇、推動創新和吸引全球球迷,來實現更廣泛的體育參與。合作將重點關注青少年,為年輕群體創造機遇,助力 FIFA 深化基層足球推廣。 FIFA Club World Cup 2025™ 是球會足球全球舞台上的新篇章,將匯聚來自 FIFA 六大洲足協的冠軍球隊,共計 32 支頂級球會,在美國 11 個城市展開為期一個月的巔峰對決。 FIFA 首席商務官 Romy Gai 表示:「我們非常高興 PIF 成為 FIFA Club World Cup 2025™ 的合作夥伴。我們期待攜手打造這場歷史性的賽事,激勵並凝聚來自世界各地的球迷。」 「首屆 32 隊制 FIFA Club World Cup 的合作夥伴與我們一樣,致力於實現足球真正全球化的願景。他們的支援不僅是賽事成功的關鍵,也為全球球會足球的發展注入強勁動力。」 PIF 企業品牌主管 Mohammed AlSayyad 表示:「PIF 正在透過多項策略合作,在體育領域打造變革性影響,為球員、球迷和主辦城市社區帶來積極和持久的成果。 「繼去年宣佈與 Concacaf 合作以及我們對足球的持續投資後,PIF 始終站在推動全球足球發展的前沿。我們正不斷開拓機遇,加速這項運動在世界範圍內的發展。」 足球在沙特阿拉伯持續轉型中扮演著關鍵角色。作為 FIFA World Cup 2034™ 的主辦國,進一步彰顯了沙特推動全球足球發展、創造新機遇,並讓這項運動的積極影響惠及本國及全球,造福後人。 FIFA Club World Cup 2025™ 將在美國 11 個城市的 12 座球場舉行,賽事共 63 場。決賽將於 7 月 13 日(星期日)在新澤西州的 MetLife Stadium 上演,屆時將誕生新的 FIFA 球會世界冠軍。 所有賽事將在 免費直播,全球球迷可網上同步觀賽。門票及包含門票的觀賽套餐可透過 購買。 關於 PIF PIF 是推動沙特阿拉伯及全球經濟轉型的投資引擎。透過實施 Vision 2030 策略,PIF 在項目、企業和合作夥伴等層面持續投入,推動沙特經濟多元化,促進各領域增長,創造投資與就業新機遇。 作為全球投資者和變革催化劑,PIF 積極與世界各地最具開創性的組織合作,助力其增長,並引進技術與知識,推動構建未來產業生態系統。 自 2017 年以來,PIF 已設立 103 家公司,並透過在沙特公共及私營領域的策略投資與合作,引領經濟可持續發展轉型。PIF 正為本地和國際合作夥伴投資沙特的經濟和社會轉型奠定基礎。 免責聲明:本公告之原文版本乃官方授權版本。譯文僅供方便瞭解之用,煩請參照原文,原文版本乃唯一具法律效力之版本。

PVH (PVH) Gets a Buy from TD Cowen
PVH (PVH) Gets a Buy from TD Cowen

Business Insider

timean hour ago

  • Business Insider

PVH (PVH) Gets a Buy from TD Cowen

TD Cowen analyst John Kernan reiterated a Buy rating on PVH (PVH – Research Report) yesterday and set a price target of $98.00. The company's shares closed yesterday at $66.30. Confident Investing Starts Here: Kernan covers the Consumer Cyclical sector, focusing on stocks such as Dick's Sporting Goods, Ralph Lauren, and Burlington Stores. According to TipRanks, Kernan has an average return of 10.5% and a 55.75% success rate on recommended stocks. In addition to TD Cowen, PVH also received a Buy from Needham's Tom Nikic in a report issued yesterday. However, on the same day, Wells Fargo maintained a Hold rating on PVH (NYSE: PVH).

Fiserv to Acquire AIB Merchant Services
Fiserv to Acquire AIB Merchant Services

Business Wire

time2 hours ago

  • Business Wire

Fiserv to Acquire AIB Merchant Services

MILWAUKEE & DUBLIN--(BUSINESS WIRE)-- Fiserv, Inc. (NYSE: FI), a leading global provider of payments and financial services technology, announced today that it has agreed to acquire the remaining 49.9% of AIB Merchant Services (AIBMS), its joint venture with AIB Group, in a transaction focused on driving continued growth in Ireland and the broader European market. Founded in 2007, AIBMS is one of Ireland's largest payment solution providers and one of Europe's largest e-commerce acquirers. AIBMS has been very successful to date and AIB Group will continue to work exclusively with AIBMS and Fiserv by referring customers who require merchant acquiring services. Financial terms of the transaction were not disclosed. 'We have enjoyed a strong partnership with AIB Group, as together we grew AIBMS into one of the leading acquirers in Europe, and I look forward to continuing to work closely with them to support our mutual clients,' said Katia Karpova, Head of the EMEA region at Fiserv. 'Our focus will remain on delivering market-leading solutions to clients of all sizes across Ireland and the broader European market. We are particularly excited for the opportunity to accelerate the local penetration and growth of Clover, the world's smartest point-of-sale system and business management platform.' 'Following a successful Joint Venture partnership, we believe Fiserv has the commitment, experience and innovative technical solutions to grow AIBMS and that our customers will continue to be well-served under their sole ownership,' said Colin Hunt, Chief Executive Officer of AIB. 'Recognising the strength of the AIB customer franchise, we are pleased to support our business customers by maintaining a close on-going relationship with Fiserv. AIB continues to implement its strategy at pace, with strong progress in each of our three focus areas: Customer First, Greening our Business and Operational Efficiency and Resilience. We wish AIBMS and Fiserv every success in the future.' The transaction is subject to regulatory approvals and closing conditions and is expected to close in the third quarter. About Fiserv Fiserv, Inc. (NYSE: FI), a Fortune 500 company, moves more than money. As a global leader in payments and financial technology, the company helps clients achieve best-in-class results through a commitment to innovation and excellence in areas including account processing and digital banking solutions; card issuer processing and network services; payments; e-commerce; merchant acquiring and processing; and Clover®, the world's smartest point-of-sale system and business management platform. Fiserv is a member of the S&P 500® Index and one of Fortune® World's Most Admired Companies™. Visit and follow on social media for more information and the latest company news. About AIB AIB is a financial services group operating predominantly in Ireland and the United Kingdom. We provide a range of services to retail, business and corporate customers, with market-leading positions in key segments. AIB is the principal brand across all geographies. In Ireland, EBS is our challenger brand and Haven is our mortgage broker channel. For further information, please visit FI-G

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store