Would you prefer a higher salary or more paid vacation?
So what many have done, instead of being able to offer higher salaries, is resort to keep wages the same, but award more paid time off instead.
For Canadians, at least according to a new poll, that’s not such a bad compromise.
Consultancy firm Mercer recently surveyed workers from a few key nations across the globe, asking what they’d prefer in their job: more money or more time off.
The labour force from countries like the U.S., U.K., France, China and Brazil all said they valued more money over more paid vacation.
But then there is Canada.
According to Mercer’s report, Canadians were the only group to prefer paid vacation to a bump in salary; 20 per cent said an extra week’s paid vacation was the job perk they’d most like to receive from their employer, compared to 18 per cent that said an extra $500 salary was what they’d most prefer.
Of course, $500, especially after tax, isn’t much when spread across the calendar, so perhaps Mercer’s idea of a salary bump doesn’t stack up against a week of paid vacation.
But perhaps the principle stands for Canadians, nonetheless. Maybe Canadians, stressed and now beginning to freeze their feet off this time of year, value time to jet off somewhere warm more than anyone else in the world.
Which would you prefer from your work: extra cash, or more time off?
By Jason Buckland, MSN Money