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Mercer

A few weeks ago, President Obama signed the 21st Century Cures Act into law, allocating $6.3 billion in new spending over the next decade on medical innovation, including $1.8 billion for cancer research.  The bill also streamlines the approval process for new drugs and medical devices and includes support for Electronic Health Records, precision medicine, interoperability, and mental health. 

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The new Mercer Survey on Absence and Disability Management found that employers continue to embrace workplace flexibility, in part demonstrated by a migration from traditional vacation/sick plans to paid time off (PTO plans). PTO plans are now in place in 63% of the organizations surveyed, up from 50% in 2013 and 38% in 2010. PTO plans provide employees more flexibility and reduce the need to determine (and track) what type of day off is being taken.

 

But despite their focus on time off, many employees do not use all of the days available to them: 44% of participants report that their employees take less than 80% of their allotted PTO time. And for the growing number of employees who work remotely, time off may not truly be time away from work. Employers are rethinking time-off program design to take into account all of these dynamics and help employees to achieve a healthier work/life balance.

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