logo
How Work is Different This Summer

How Work is Different This Summer

Time​ Magazine9 hours ago

By
Year-round flexibility policies have changed the way many workers and workplaces approach summer work schedules, as we wrote last year. Gone are the days when offices cleared out for seasonal 'summer Fridays.' Now, says Jacqueline Sharma, VP of people at HR platform Envoy, the company's data show that Friday attendance is consistently lower than other days regardless of time of year.
But, as economic uncertainty constrains household travel budgets and adds pressures to workers, setting aside time to rest and recharge is more important than ever—even as it becomes more difficult. According to a survey from HR platform Dayforce, 71% of workers say there are factors standing in the way of taking time off, including being unable to afford it and feeling too busy to do so.
Here are other data points that show how work and time off will be different this summer:
Shrinking budgets are transforming summer travel. A majority of Americans are planning to take at least one vacation this summer, though many are saving money by driving instead of flying, staying with friends and family instead of at a hotel, or shortening their trips, according to a Deloitte survey on summer travel plans. As of early June, airlines are seeing 10% fewer sumer bookings relative to the same period in 2024.
On average, workers request 40% more time-off requests during the summer, according to data from HR software company Paycom. Last year, the most commonly requested day off was July 5, with over four times more requests for paid time off (PTO) than the average day in 2024. To help workers coordinate workflows amid PTO days and zombie crews, teams can adopt team-wide days off or no-meeting days on popular travel days. Charter, for example, added an additional team-wide mental health and wellbeing day directly ahead of Memorial Day and July 4.
Beyond team-wide days off, clarity around vacation policies and templates for out-of-office (OOO) messages and PTO plans can help minimize disruptions to ongoing work and empower more workers to take the time they need.
People are working on vacation at higher rates. The share of workers who say they disconnect completely from work during vacation has steadily declined over the past four years, according to data from Dayforce. In 2023 it was 47%, compared to 39% and 37% last year and this year, respectively. While remote-work privileges are allowing some workers to extend their vacation—allowing 'workcationers' to prolong their longest summer trips by an average of three days, according to Deloitte—the expectation to be always on may also prevent workers from resting, recharging, and connecting with friends and family during trips.
Help your team make the most of remote work while ensuring they also have time to actually unplug by offering work-from-anywhere (WFA) days in addition to PTO. Prudential Financial, for example, allows employees to work entirely remotely from anywhere in the US for four weeks per year. Managers can serve as models, whether that's taking regular WFA and PTO days, sharing their OOO plans well ahead of time, or completely unplugging during PTO days.
Summer care gaps are putting extra pressure on working parents. Among working parents, 76% say their level of focus during the summer is directly tied to the reliability of their children's summer-care arrangements, according to a survey from Bright Horizons. Some 68% of respondents said that summer feels like a break for everyone but themselves.
Respondents pointed to several unique summer challenges, including having to leave work early for activity pick up and drop off, worrying about what kids are up to at home, and managing summer care schedules that don't align with work schedules.
More than three-fourths of respondents shared that they wish their employer offered more support in navigating summer-care arrangements. PwC offers one model for summer-care support.
'As the different schools are letting out across the country, we're talking about our summer camps and some of the child-care offerings that might be even more popular during the summer months,' says Kim Jones, PwC's talent strategy and people experience leader. Those resources include discounted summer camps, a backup child-care reimbursement, and access to an online care marketplace.
Jones used many of PwC's child-care and flexibility benefits when her own daughter was young, noting that the support 'goes a long way towards helping you feel engaged with the organization, helping you want to perform at your best, helping you feel like your work is respected along with your personal life.' she says.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Sen. Rand Paul 'not an absolute no' on budget bill
Sen. Rand Paul 'not an absolute no' on budget bill

UPI

timean hour ago

  • UPI

Sen. Rand Paul 'not an absolute no' on budget bill

Sen. Rand Paul, R-KY, speaks during a Senate Health, Education, Labor and Pensions Committee hearing on Martin Makary's nomination to be Commissioner of the Food and Drugs Administration at the U.S. Capitol in Washington, D.C., in March. File photo by Bonnie Cash/UPI | License Photo June 15 (UPI) -- Sen. Rand Paul, R-Ky., said Sunday that he is "not an absolute no" on the Trump administration's House-passed budget reconciliation bill, which threatens cuts to social services and would increase the national spending deficit. "I talked to the president last evening after the parade, and we're trying to get to a better place in our conversations," Paul said on NBC News' Meet the Press Sunday. "And I've let him know that I'm not an absolute no." Paul has been a leading critic of the bill in its current form, along with a handful of other Republicans skeptical of the scope of the cuts. A report from the nonpartisan Congressional Budget Office report that shows that the measure would come at the expense of lower income Americans to benefit higher earners. "I don't have as much trouble with the tax cuts," Paul continued. "I think there should be more spending cuts, but if they want my vote, they'll have to negotiate," specifically citing his opposition to raising the debt ceiling by trillions of dollars. In its current form, the measure would increase the national deficit by $2.4 trillion over 10 years. Lawmakers are trying to pass the bill through a reconciliation process that only requires a simple majority for passage. Paul said last week that tensions have come to the fore between him and his GOP colleagues, and that he was "uninvited" to a White House picnic that is typically attended by lawmakers and their families. He called the move "petty vindictiveness," and said he felt the White House was trying to "punish" him for his opposition to the bill as it stands. President Donald Trump said on his social media platform that "of course" Paul was invited to the picnic. Republicans can only afford to lose three votes pending a tie breaking vote by Vice President JD Vance. The measure currently awaits action in the Senate, where Republicans hold 53 seats. The body has taken a more conservative approach in the negotiations than the House.

Grant Cardone Says 'Consumer Debt Makes Slaves.' It Stops You From Investing, Costs You More, And Chains You To Stress
Grant Cardone Says 'Consumer Debt Makes Slaves.' It Stops You From Investing, Costs You More, And Chains You To Stress

Yahoo

time2 hours ago

  • Yahoo

Grant Cardone Says 'Consumer Debt Makes Slaves.' It Stops You From Investing, Costs You More, And Chains You To Stress

Real estate mogul Grant Cardone has made his stance on consumer debt crystal clear. In a recent post on X, the real estate mogul and motivational speaker warned that debt doesn't just slow people down financially—it traps them. 'Consumer debt makes slaves!' Cardone wrote. He broke it down into five main consequences: 'Can't invest, can't keep up, pay extra for everything, can't build net worth, never live stress free.' Don't Miss: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — Peter Thiel turned $1,700 into $5 billion—now accredited investors are eyeing this software company with similar breakout potential. Learn how you can Cardone's post reflects a growing concern in the U.S. as consumer debt keeps climbing. According to LendingTree (NASDAQ:TREE), Americans owed a record $251 billion in personal loan debt as of the fourth quarter of 2024. That's a $6 billion jump from the year before. And it's not just the total amount. TransUnion (NYSE:TRU) data shows that the number of Americans with personal loans hit 24.5 million, up from 23.5 million a year earlier. While personal loan debt still makes up just 1.4% of all consumer debt, it accounts for 5% of non-mortgage debt. For comparison, credit card debt is much higher, sitting at $1.211 trillion, or 6.7% of total outstanding debt. According to TransUnion, the average personal loan balance per borrower is $11,607. Nearly half of borrowers take out loans just to consolidate or refinance other debt. Another 10% use the money to pay everyday bills. Trending: Invest where it hurts — and help millions heal:. As Cardone wrote, 'You pay extra for everything' when you're stuck in debt. High interest rates only make it worse. Borrowers with excellent credit scores — over 720 — can expect personal loan APRs around 17.71%. But for those with poor credit — below 560 — rates skyrocket to over 200%, according to LendingTree data. Despite high costs, personal loan use is expected to grow. People turn to them as credit card debt rises. LendingTree notes that many borrowers aren't necessarily in crisis—they might be remodeling a home or covering a big expense. Still, as Cardone puts it, for those already stretched thin, more borrowing can result in serious stress and financial strain. Delinquency rates also tell a cautionary tale. TransUnion reported that as of Q4 2024, 3.57% of personal loan accounts were 60 or more days past due. That's an improvement from the year before but still higher than rates for mortgages — 1.29% — or credit cards — 2.56%. Cardone's message is harsh but timely. With debt balances climbing and millions relying on personal loans to stay afloat, his warning resonates: consumer debt doesn't just drain your wallet—it can drain your peace of mind. Read Next: Maximize saving for your retirement and cut down on taxes: . The average American couple has saved this much money for retirement —?UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? LENDINGTREE (TREE): Free Stock Analysis Report TRANSUNION (TRU): Free Stock Analysis Report This article Grant Cardone Says 'Consumer Debt Makes Slaves.' It Stops You From Investing, Costs You More, And Chains You To Stress originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved.

2 Reasons Saving Less Is the Secret To Building Wealth, According to Ramit Sethi
2 Reasons Saving Less Is the Secret To Building Wealth, According to Ramit Sethi

Yahoo

time4 hours ago

  • Yahoo

2 Reasons Saving Less Is the Secret To Building Wealth, According to Ramit Sethi

While focusing on saving can seem safer than potentially losing money in mutual funds, stocks and bonds, finance expert Ramit Sethi believes that this approach could leave you broke. Learn More: Consider This: A 2024 report by Janus Henderson Investors found that 48% of Americans had no investments. While some people cited a lack of investment expertise, the need to pay off debt or limited financial means as the reason, 38% simply preferred putting cash in regular bank accounts. In a recent YouTube video, Sethi explained why you should save less and instead invest your money smartly. While you might think you're making progress by saving money, you'll eventually find yourself off track from your retirement goal, even if you contribute a large sum each month. First, a typical savings account usually earns a much lower rate than the average investment return, so your money grows much more slowly. Then, there are hidden factors you might forget, like taxes and inflation, that lead to being unable to buy as much with your savings. Sethi gave an example of someone who spent 30 years stashing away $1,000 each month. Federal Deposit Insurance Corporation data showed the national average savings account rate was 0.42% in May 2025, while Sethi said the historical average annual investment return (after inflation) was 7%. According to Sethi, the person who saved would have around $383,000 after 30 years, compared to nearly $1.2 million for the investor. So, the saver would have missed out on about $817,000. Sethi added, 'This is the difference between struggling to retire at 65 versus becoming a millionaire before 50.' Explore More: The annual inflation rate reported in April 2025 was 2.3%, which was 1.88% more than the 0.42% average savings account rate. So, while your savings balance looks like it's growing each year, inflation is likely robbing you of some of your money's value. For example, if you had $1,000 in your savings account, you might earn $4.20 over the year, but lose $23.00 to inflation. So, your money's purchasing power would have gone down by $18.80, meaning you're not really getting ahead. Sethi explained that many people mistakenly believe that saving is the safe and virtuous route, but as the example showed, it actually makes it harder to grow money efficiently. He said, 'In order to build wealth, you have to go way beyond saving, and you have to invest.' While still saving cash for emergencies and upcoming purchases is smart, prioritizing investing is a better approach for preparing for retirement and building wealth. Sethi discussed how you can invest without making it complicated, and suggested ways to come up with more cash to contribute. First, he recommended a three-step strategy of taking advantage of 401(k) matches, contributing to a Roth IRA and buying target-date funds. This combination gives you free money from your employer, tax advantages and simplicity. To ensure you stay on track, Sethi suggested automatically transferring 5% of your pay to both your 401(k) and Roth IRA accounts. Then, you should set up automatic target-date fund purchases so you don't forget them. Finally, Sethi said you should take three steps to get more money rather than focus on cutting expenses, which will eventually come to a limit. These include asking for a higher salary, taking on a suitable side gig and focusing on gaining and improving valuable skills. Sethi explained, 'If you focus on earning more, you will give yourself a massive advantage in building your rich life.' More From GOBankingRates 3 Luxury SUVs That Will Have Massive Price Drops in Summer 2025 Clever Ways To Save Money That Actually Work in 2025 7 Things You'll Be Happy You Downsized in Retirement This article originally appeared on 2 Reasons Saving Less Is the Secret To Building Wealth, According to Ramit Sethi Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

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