Cutting it Short: Professionals Weigh in on Summer Vacation Plans in Korn Ferry Survey
Los Angeles, July 13, 2022 – As summer vacation season kicks into high gear, a recent Korn Ferry (NYSE: KFY) survey shows the majority of professionals won’t be taking as much time away from the office as they have in years past.
Nearly two-thirds (63%) of respondents say they plan on taking a shorter vacation this year, and more than half (58%) say being away from the office stresses them out more this year than in years past.
The top reason that being away from the office stresses professionals out, according to the survey, is that they have too much work due to staff shortages (47%).
“With this uncertain economy, many employers are putting off filling vacant roles, which can increase the burden on remaining employees,” said Korn Ferry Senior Director and engagement specialist Mark Royal. “But even though there’s more work to be done, it’s critical that employees take much deserved time off to relax and rejuvenate.”
Many professionals say they still work even when they are supposed to be out of the office. Sixty percent say they will connect more with work while on vacation this year, and 37% say they check in with the office multiple times a day.
Half (50%) of professionals say they have cut short or cancelled a vacation due to work demands, and two-thirds (66%) say they would prefer a salary increase to extra vacation days.
“Work-life balance is key to being successful both in our professional and personal lives,” said Royal. “While a good salary is important to job satisfaction, a commitment to employees’ wellbeing is also critical.”
About the survey: The Korn Ferry survey of more than 300 professionals took place in Mid-June 2022.
Will you take a longer or shorter summer vacation this year than in years past?
While on vacation, how often do you connect to work?
Multiple times a day 37%
Once a day 26%
A few times per week 21%
Once a week 8%
Will you connect to work more or less with the office during vacation this year than in years past?
Does being away from the office on vacation stress you out more now than in years past?
More now 58%
More in years past 42%
If being away from the offices stresses you out more now, what is the top reason?
The potential for a recession 3%
The potential for layoffs 15%
Too much work to do due to decreases in staff 47%
Worried that the work won’t be done well when I’m away 35%
Have you cancelled/delayed/cut short vacation plans due to pressure to perform at work?
Would you rather have a salary increase or more vacation days?
Salary increase 66%
More vacation days 34%
About Korn Ferry
Korn Ferry is a global organizational consulting firm. We work with our clients to design optimal organization structures, roles, and responsibilities. We help them hire the right people and advise them on how to reward and motivate their workforce while developing professionals as they navigate and advance their careers.