Sabbaticals are becoming increasingly common across industries as more workers step away from their jobs for extended breaks. Burnout, shifting priorities and a growing focus on work-life balance are helping push the practice into the mainstream.
Still, while some companies let employees apply accrued paid time off to cover part or all of a sabbatical, formal paid programs remain rare: just 6% of U.S. companies offered them last year, according to the Society for Human Resources Management. And the choice to take a career break, whether for weeks or months, brings with it significant financial impact.
“A successful sabbatical just doesn’t happen,” said Ashley Weeks, Wealth Strategist at TD Wealth. “It requires clarity, structure and, most importantly,…
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Source stories.td.com
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