Happy Columbus Day!
Forgot about this great national day? You aren't alone! Especially considering this is a government holiday, and most of our government is shut down anyways.
Like most Americans, you are probably going to spend most of today determining what exactly is open and closed. However, if you are business owner or HR leader, you may have debated earlier this year whether to give your employees Columbus Day off or not.
However you choose to spend your day, either by celebrating the discovery of our nation or at work eating lunch reading this blog, here's the pros and cons to giving employees Columbus Day off.
Pro: Happier Employees
Naturally giving employees PTO in between Labor Day and Thanksgiving will make for a happier group of people. In a study done by Ernst and Young, it was found that "for each additional 10 hours of vacation employees took, their performance reviews from supervisors were 8 percent higher the following year."
As the end of the year looms, it's time for performance reviews, and giving employees an extra day off just might increase the overall scores for your location.
Con: Missing Business
Naturally with some people having the day off, there is going to be more foot traffic and heavier amounts of phone calls to your business. By closing on Columbus Day you could miss business calls and inquiries, which is a bummer for most small businesses.
According to the National Retail Federation, this year's "holiday sales will increase by 13 percent to 15 percent this year to as much as $82 billion." So if you shutter today, you might miss out on a large number of sales.
Did you give your employees the day off today? Tell us in the comments below!
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