Tuesday, November 9th, 2021

Review Your Holiday Benefit

“A holiday is an opportunity to journey within. It is also a chance to chill, to relax. It is when I switch on my rest mode.” – Prabhas

Accounting Today recently released their list of the 2021 Best Firms for Young Accountants.

Each year, Accounting Today and Best Companies Group recognize the 100 Best Firms to Work For in the U.S. — and then they pick the 10 Best Firms for Young Accountants from among those, based on the responses of their younger staff to a comprehensive employee survey. Click here to meet the ten firms.

As I browsed the list, something stood out to me. Only four of the ten best firms offered ten paid holidays. Four offered eight and two offered nine. I thought this was rather unusual. In my network of firms I believe ten paid holidays is very common:

  1. New Year’s Day
  2. First Friday after April 15
  3. Memorial Day
  4. Independence Day
  5. Labor Day
  6. Thanksgiving
  7. Day after Thanksgiving
  8. Christmas Eve
  9. Christmas Day
  10. One floating holiday

The floating holiday is often used to make a four-day weekend if July 4th falls on a Thursday, for example. Some firms give it as an employee’s birthday or any day of their choice.

Think about what your firm offers and see if you are in line with what is expected from future employees.

  • "I look my best when I'm totally free, on holiday, walking on the beach."
  • Rosamund Pike

2 Responses to “Review Your Holiday Benefit”

  1. Dutch CPA says:

    Interesting how 10 days is considered ‘normal’. in Europe having 25-30 days of annual leave is considered normal. Salaries are lower, but I am not sure if the higher salaries compensate for so much less holidays.

  2. rkeller says:

    In the U.S. the 10 days are national holidays plus employees in accounting firms receive PTO (vacation & sick days) of 3 weeks, 15 days, which probably aligns with what you are accustomed to.

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