Holiday Profile – New Year's Eve
The National Compensation Survey1 (NCS) captures the provisions and costs of employer-provided benefits in private industry and state and local government, including leave benefits such as vacation, sick leave, and holidays. In a series of holiday profiles, BLS is publishing new data on the incidence of federal and other prominent holidays. New Year's Eve is observed on December 31st.
Over 3 in 4 civilian workers2 (77 percent) received paid holidays in March 2018.3 Paid holidays cost employers an average of 77 cents per employee hour worked.4 Among civilian workers who received paid holidays, 15 percent received New Year's Eve as a paid holiday, along with 14 percent of private industry workers and 20 percent of state and local government workers. (See Table 1.)
More highlights of the New Year's Eve paid holiday benefits include:
Estimation Methods for Specific Paid Holidays
The estimates of specific paid holiday percentages for this profile are based on information field economists collected for sample establishments. Missing data were not subject to standard imputation procedures used in other NCS publications. Workers were included as having paid holiday leave for either partial or full workday paid holidays. Data are rounded to the nearest whole number. Use caution in applying these estimates because they are only based on collected data, part of the overall sample, and not subject to standard imputation and processing methods. Those methods can affect estimates based on establishment and worker characteristics of available and missing holiday information.5
Standard errors are based only on collected holiday information. (See Table 1.) Data that satisfied relative standard error criteria for collected and matched holiday collection information were used in this profile.
Additional Holidays Data
Upcoming paid holiday benefit profiles in 2018 will be available at www.bls.gov/ncs/ebs/holiday_profiles.htm.
In addition to the paid holidays data in this profile, BLS also publishes the average number of paid holidays offered. Civilian workers2 received an average of 8 paid holidays per year with approximately one-third of all workers (33 percent) receiving 10 or more paid holidays per year. Private industry workers averaged 8 paid holidays per year and state and local government workers averaged 11 paid holidays per year. For more information, see www.bls.gov/ncs/ebs/benefits/2018/benefits_leave.htm.
(1) The National Compensation Survey (NCS) collects information on employee wages and salaries and benefits from a nationally representative sample of about 8,000 responding establishments. (See March 2018 Appendix 1). The NCS program produces the Employment Cost Index (ECI) and Employer Costs for Employee Compensation (ECEC). The ECI tracks changes over time in average employer costs for pay and benefits, while the ECEC expresses average employer costs for pay and benefits in dollars and cents. The NCS also tracks coverage and provisions of employer-sponsored benefits such as healthcare, retirement, and leave benefits. For more information, see www.bls.gov/ncs.
(2) Civilian workers includes both private industry and state and local government workers.
(4) Bureau of Labor Statistics: National Compensation Survey: Employer Costs for Employee Compensation, March 2018, www.bls.gov/news.release/archives/ecec_06082018.pdf.
Last Modified Date: December 21, 2018