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Monday, January 19, 2009

About a third of employers observe MLK Day

Thirty-one percent of employers are observing MLK Day as a paid holiday today, says a recent survey.

That figure, reported by a trade publisher, is about the same as in recent years but shows a significant increase over the two-decade holiday’s history.

Only 14 percent of employers observed the federal holiday in 1986, its first year, according to BNA, a publisher of government and business news.

Several factors make a firm more likely to observe the day: size (larger employers are more likely), the employment sector (manufacturers are less so) and union-status (unionized shops are more likely). CL does not include MLK Day among its paid holidays.

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