The number of employers who designate the day after Thanksgiving a paid holiday is shrinking.
It’s no surprise that most employers (98%) designate Thanksgiving Day as a paid holiday. But the number of employers that also consider Black Friday a paid holiday dropped to 74% this year (down from 79% in 2009), according to BNA’s annual survey of employers’ year-end holiday plans.
In addition, gift giving remains down. Gift giving hit its peak in 2004 when 23% of companies gave workers Thanksgiving gifts. But today only 12% of the 300 employers surveyed said they’ll pass out presents this year.
The most popular gifts that will be given: gift certificates for food (7%), packaged turkeys (4%) and luncheons/dinners (1%).
Thanksgiving Day comp policies
Nearly 3 in 10 employers will require some of their employees to work on Thanksgiving Day. For those that have to work, here’s how their employers have said they’ll be dishing out holiday pay:
- Overtime pay only (65%)
- Both overtime and compensatory time (16%)
- Compensatory time off only (4%)
- Compensation varies by employee group (16%)
(Numbers do not add up to 100% due to rounding.)
Will your company be giving out any gifts to employees this holiday season? If so, what will it give out? Let us know in the Comments Box below.