1. SHRM Survey Findings: 2015 Holiday Schedules November 10, 2014

2. In this survey, a floating holiday is defined as a holiday that provides an employee paid time off to observe a holiday not observed by the organization. For example, employees receive a paid day off (in addition to paid holidays or vacation days) to take when they wish, such as on their birthday or on another holiday that is not a scheduled holiday for the organization. 2015 Holiday Schedules ©SHRM 20142 Definitions

3. Which 2015 holidays will most organizations observe by closing their offices? The 2015 holidays that most organizations (94-97%) will observe are:  New Year’s Day (Thursday, January 1)  Memorial Day (Monday, May 25)  Labor Day (Monday, September 7)  Thanksgiving Day (Thursday, November 26)  Christmas Day (Friday, December 25) Which religious holidays in 2015 will most organizations observe? Overall, few organizations close their offices on religious holidays, with the exception of Christmas Eve and Christmas Day: in 2015, 47% of organizations will be closed on Christmas Eve and 97% will be closed on Christmas Day. The next most common religious holiday for which some organizations will be closed is Good Friday (28%). Does your organization offer floating holidays (other than personal days and paid holidays) to employees? Just over one-third (36%) of organizations reported offering “floating holidays” to employees. Of those that do offer these holidays, 72% offer 1-2 floating holidays a year. 2015 Holiday Schedules ©SHRM 20143 Key Findings

4. Percentage of Organizations Offering Paid Holidays to Employees 2015 Holiday Schedules ©SHRM 20144 n = 490n = 473

5. Number of Paid Holidays Organizations Offer Annually (if this benefit is provided) 2015 Holiday Schedules ©SHRM 20145 Note: Excludes floating holidays. Only respondents whose organizations offered paid holidays to the respective employee group were asked this question. Percentages may not equal 100% due to rounding. On average, organizations that provide the benefit offer 9 paid holidays to full- and part-time employees.

6. Floating Holidays 2015 Holiday Schedules ©SHRM 20146 Note: n = 489. Excludes personal days and paid holidays. n = 173

7. Organizations’ Operating Status on Weekends 2015 Holiday Schedules ©SHRM 20147 n = 488 One-third of organizations (33%) are typically open for business on at least one weekend day.

8. 2015 Holidays Organizations Plan to Observe: January - May 2015 Holiday Schedules ©SHRM 20148 Note: n = 96-483. Percentages may not total 100% due to rounding. Respondents who answered “not sure” were excluded from this analysis. For holidays that fall on a weekend, analysis includes only respondents whose organizations are regularly open for business on Saturday or Sunday. 2015 Holiday, January-MayClosedClose EarlyRemain Open New Year’s Day: Thursday, January 195%< 1%4% Day after New Year’s Day: Friday, January 216%2%82% MLK Jr’s birthday: Monday, January 1937%0%63% President’s Day: Monday, February 1635%0%65% Ash Wednesday: Wednesday, February 180%< 1%100% Chinese & Vietnamese New Year: Thursday, February 19 0% 100% Good Friday: Friday, April 328%5%67% Beginning of Passover: Saturday, April 43%0%97% Easter Monday: Monday, April 65%< 1%95% Friday before Memorial Day: Friday, May 224%12%85% Shavuot: Sunday, May 243%0%97% Memorial Day: Monday, May 2594%1%5%

9. 2015 Holidays Organizations Plan to Observe: June - October 2015 Holiday Schedules ©SHRM 20149 Note: n = 140-479. Percentages may not total 100% due to rounding. Respondents who answered “not sure” were excluded from this analysis. For holidays that fall on a weekend, analysis includes only respondents whose organizations are regularly open for business on Saturday or Sunday. 2015 Holiday, June-OctoberClosedClose EarlyRemain Open First day of Ramadan: Thursday, June 18< 1%0%100% Day before Independence Day: Friday, July 360%8%33% Independence Day: Saturday, July 476%1%23% Monday after Independence Day: Monday, July 6 6%< 1%94% Friday before Labor Day: Friday, September 4 1%12%87% Labor Day: Monday, September 795%< 1%5% Rosh Hashanah: Monday, September 14< 1% 99% Yom Kippur: Wednesday, September 23< 1% 100% Eid al-Adha/Festival of Sacrifice: Thursday, September 24 0%< 1%100% Sukkot: Monday, September 280%< 1%100% Columbus Day: Monday, October 1216%< 1%84%

10. 2015 Holidays Organizations Plan to Observe: November - December 2015 Holiday Schedules ©SHRM 201410 Note: n = 130-476. Percentages may not total 100% due to rounding. Respondents who answered “not sure” were excluded from this analysis. For holidays that fall on a weekend, analysis includes only respondents whose organizations are regularly open for business on Saturday or Sunday. 2015 Holiday, November-DecemberClosedClose EarlyRemain Open Diwali: Wednesday, November 110%< 1%100% Veterans Day: Wednesday, November 1120%1%79% Day before Thanksgiving: Wednesday, November 25 6%20%74% Thanksgiving Day: Thursday, November 2697%1%2% Day after Thanksgiving: Friday, November 2776%1%23% First day of Chanukah: Monday, December 70%< 1%100% Day before Christmas Eve: Wednesday, December 23 5%7%88% Christmas Eve: Thursday, December 2447%28%25% Christmas Day: Friday, December 2597%0%3% Day after Christmas: Saturday, December 2626%1%73% Week between Christmas and New Year’s Day12%< 1%87% New Year’s Eve: Thursday, December 3123%26%51%

11. 2015 Federal Holidays Organizations Plan to Observe 2015 Holiday Schedules ©SHRM 201411 Note: n = 445-483. Percentages may not total 100% due to rounding. Respondents who answered “not sure” were excluded from this analysis. For holidays that fall on a weekend, analysis includes only respondents whose organizations are regularly open for business on Saturday or Sunday. * July 4, 2015 (the legal public holiday for Independence Day), falls on a Saturday; for most federal employees, Friday, July 3, will be treated as a holiday for pay and leave purposes. 2015 Federal HolidayClosedClose EarlyRemain Open New Year’s Day: Thursday, January 195%< 1%4% MLK Jr’s birthday: Monday, January 1937%0%63% President’s Day: Monday, February 1635%0%65% Memorial Day: Monday, May 2594%1%5% *Day before Independence Day: Friday, July 3 60%8%33% Independence Day: Saturday, July 476%1%23% Labor Day: Monday, September 795%< 1%5% Columbus Day: Monday, October 1216%< 1%84% Veterans Day: Wednesday, November 1120%1%79% Thanksgiving Day: Thursday, November 2697%1%2% Christmas Day: Friday, December 2597%0%3%

12. 2015 Religious Holidays Organizations Plan to Observe 2015 Holiday Schedules ©SHRM 201412 Note: n = 96-475. Percentages may not total 100% due to rounding. Respondents who answered “not sure” were excluded from this analysis. For holidays that fall on a weekend, analysis only includes respondents whose organizations are regularly open for business on Saturday or Sunday. 2015 Religious HolidayClosedClose EarlyRemain Open Ash Wednesday: Wednesday, February 180%< 1%100% Chinese & Vietnamese New Year: Thursday, February 19 0% 100% Good Friday: Friday, April 328%5%67% Beginning of Passover: Saturday, April 43%0%97% Easter Monday: Monday, April 65%< 1%95% Shavuot: Sunday, May 243%0%97% First day of Ramadan: Thursday, June 18< 1%0%100% Rosh Hashanah: Monday, September 14< 1% 99% Yom Kippur: Wednesday, September 23< 1% 100% Eid al-Adha/Festival of Sacrifice: Thursday, September 24 0%< 1%100% Sukkot: Monday, September 280%< 1%100% Diwali: Wednesday, November 110%< 1%100% First day of Chanukah: Monday, December 70%< 1%100% Day before Christmas Eve: Wednesday, December 23 5%7%88% Christmas Eve: Thursday, December 2447%28%25% Christmas Day: Friday, December 2597%0%3% Day after Christmas: Saturday, December 2626%1%73%

13. Looking Ahead: New Year’s Day 2016 (Friday, January 1, 2016) 2015 Holiday Schedules ©SHRM 201413 Note: n = 470. Respondents who answered “not sure” were excluded from this analysis.

14. Change in the Number of Paid Holidays Offered by Organizations 2015 Holiday Schedules ©SHRM 201414 Note: Percentages do not equal 100% due to rounding. Respondents who answered “not sure” were excluded from this analysis.

15. 2015 Holiday Schedules ©SHRM 201415 Demographics

16. Demographics: Organization Industry 2015 Holiday Schedules ©SHRM 201416 Note: n = 463. Percentages do not equal 100% due to multiple response options. Percentage Manufacturing21% Professional, scientific and technical services17% Health care and social assistance14% Finance and insurance10% Government agencies10% Educational services8% Information5% Retail trade5% Construction4% Religious, grant-making, civic, professional and similar organizations 4% Transportation and warehousing4%

17. Demographics: Organization Industry (continued) 2015 Holiday Schedules ©SHRM 201417 Note: n = 463. Percentages do not equal 100% due to multiple response options. Percentage Wholesale trade 4% Accommodation and food services 3% Administrative and support, and waste management and remediation services 3% Utilities 3% Agriculture, forestry, fishing and hunting 2% Arts, entertainment and recreation 2% Mining, quarrying, and oil and gas extraction 2% Real estate and rental and leasing 2% Personal and laundry services 1% Repair and maintenance 1% Other industry8%

18. Demographics: Organization Sector 2015 Holiday Schedules ©SHRM 201418 n = 464

19. Demographics: Organization Staff Size 2015 Holiday Schedules ©SHRM 201419 Note: n = 454. Percentages do not equal 100% due to rounding.

20. n = 473 Demographics: Other 2015 Holiday Schedules ©SHRM 201420 Note: Percentages may not equal 100% due to rounding. U.S.-based operations only 72% Multinational operations 28% Single-unit organization: An organization in which the location and the organization are one and the same. 30% Multi-unit organization: An organization that has more than one location. 70% Multi-unit headquarters determines HR policies and practices 58% Each work location determines HR policies and practices 4% A combination of both the work location and the multi-unit headquarters determines HR policies and practices 38% Is your organization a single-unit organization or a multi-unit organization? For multi-unit organizations, are HR policies and practices determined by the multi-unit headquarters, by each work location or by both? Does your organization have U.S.-based operations (business units) only, or does it operate multinationally? n = 475 n = 344 Corporate (companywide) 74% Business unit/division15% Facility/location12% n = 346 What is the HR department/function for which you responded for throughout this survey?

21. 21 SHRM Survey Findings: 2015 Holiday Schedules Response rate = 17% 492 HR professionals from a randomly selected sample of SHRM’s membership participated in this survey Margin of error +/-4% Survey fielded October 8-23, 2014 Survey Methodology 2015 Holiday Schedules ©SHRM 2014

22. SHRM Survey Findings: Paid Leave in the Workplace  http://www.shrm.org/research/surveyfindings/articles/pages/paid- leave.aspx http://www.shrm.org/research/surveyfindings/articles/pages/paid- leave.aspx SHRM Customized Benchmarking Service: Paid Leave Metrics  http://www.shrm.org/benchmarks http://www.shrm.org/benchmarks SHRM HR Topics & Strategy: Benefits: Paid Time Off  http://www.shrm.org/hrdisciplines/benefits/pages/paidtimeoff.aspx http://www.shrm.org/hrdisciplines/benefits/pages/paidtimeoff.aspx SHRM/Kronos Total Financial Impact of Employee Absences in the U.S.  http://www.shrm.org/Research/SurveyFindings/Documents/Kronos_US_Exec utive_Summary_Final.pdf http://www.shrm.org/Research/SurveyFindings/Documents/Kronos_US_Exec utive_Summary_Final.pdf 2015 Holiday Schedules ©SHRM 201422 Additional SHRM Resources

23. For more survey/poll findings, visit shrm.org/surveysshrm.org/surveys For more information about SHRM’s Customized Research Services, visit shrm.org/customizedresearchshrm.org/customizedresearch Follow us on Twitter @SHRM_Research@SHRM_Research 2015 Holiday Schedules ©SHRM 201423 About SHRM Research Project lead: Yan Dong, SHRM Research Tanya Mulvey, researcher, SHRM Research Project contributors: Evren Esen, director, Survey Programs, SHRM Research Copy editor: Katya Scanlan, SHRM Knowledge Center

24. Founded in 1948, the Society for Human Resource Management (SHRM) is the world’s largest HR membership organization devoted to human resource management. Representing more than 275,000 members in over 160 countries, the Society is the leading provider of resources to serve the needs of HR professionals and advance the professional practice of human resource management. SHRM has more than 575 affiliated chapters within the United States and subsidiary offices in China, India and United Arab Emirates. Visit us at shrm.org.shrm.org 2015 Holiday Schedules ©SHRM 201424 About SHRM