PTO Requests Hit Four-Year High and Hiring Outpaces Turnover, New BambooHR Workforce Insight Report Finds
LINDON, Utah , March 7, 2024 /PRNewswire/ -- BambooHR, the leading cloud-based human resource platform where everything works together, released its first Workforce Insights Report, which found that January 2024 had the highest percentage of employees making Paid Time Off (PTO) requests since the beginning of 2019. The data—pulled from the BambooHR platform—also shows that the average number of employee performance reviews in companies is increasing annually and hiring is now outpacing turnover.
- "The Workforce Insights Report is BambooHR's monthly deep dive on millions of employee data points captured in our platform across the globe.
- Employee PTO requests have increased 11% on average annually since 2019, while approvals are only increasing 9% on average annually.
- Maine and Oklahoma are the top US states for PTO requests, while Puerto Rico and Utah have top approvals while being the lowest for PTO requests.
- To read the complete BambooHR Workforce Insights report, visit:
All source data is from the BambooHR platform gathered between December 2018 and February 2024 and includes 4.3 million employee data points globally.