For the first installment of many we thought it would be timely and relevant to examine the importance of vacation and the business incentives for taking a break (or rather consequences for not).
Summer marks a time for many Americans, especially around and after July 4th, where the possibility for a few days out of the office becomes a reality. We pack up campers, head to the beach, check-in at the airport, put up that vacation message on our email…and then we start to wonder Should I go? Is it worth it? Won’t I be behind when I return? What will my boss say? Will I lose a client? Is it too late to cancel? Did I finish that proposal? Maybe I can spend time while on vacation checking e-mail or catching up?
Can you relate?
In an article focused on the importance of vacations for Entrepreneurs, Lisa Evans points out that “Entrepreneurs are notoriously bad at taking time off. According to Sage Reinvention of Small Business Study, 43 percent of small business owners are taking less vacation time than five years ago.” In addition Forbes Magazine highlights findings from “An Assessment of Paid Time Off in the U.S.” commissioned by the U.S. Travel Association, a trade group, and completed by Oxford Economics, “More than forty percent of American workers who received paid time off did not take all of their allotted time, despite the obvious personal benefits.”
So what then are some of these supposed benefits?
Get this, although today we are focused on your health and wellbeing (we know you really are driven by business success and numbers) a Forbes study determined there is even a positive economic impact when Americans commit to vacation.
“If workers used all of their available paid time off, the economy[/entity] would benefit from more than $160 billion in total business sales and $21 billion in tax revenues, spending that would support 1.2 million jobs in industries ranging from retail to manufacturing to transportation.”
If seeing all those positive outcomes (along with your family begging and pleading) doesn’t motivate you to pack your towel and sunscreen here are a few of the potential drawbacks to not taking time away from work according to Psychology Today:
So we encourage you to allow yourself a few days to unplug from the important work that you do and the sense of urgency that drives it. You earned it and we promise it will all be there when you return. For today, rest easy knowing that you are doing something that is not only vital for your personal health and wellbeing but will benefit your company outcomes, colleagues, clients, work product, friends, family, and the economy at large all serve to benefit from your decision to kick back and relax…for real.
Bon Voyage we will see you when you return.