These Companies Are Offering Unlimited Paid Vacation Days
Virgin CEO Richard Branson recently announced that his company would begin allowing employees to take as many vacation days as they want, whenever they want, with no questions asked. "Flexible working has revolutionized how, where and when we all do our jobs," he wrote on his blog. "So, if working nine to five no longer applies, then why should strict annual leave (vacation) policies?"
It's a more complicated question than he may have intended. For all their apparent upsides--what's not appealing about booking a getaway whenever you feel like it?--unlimited vacation day policies have a tendency to make employees uncomfortable about using their time off.
"Typically, without any guidelines or structures, people don't quite know what to make of this," Lotte Bailyn, professor emeritus from the MIT Sloan School of Management, told the Huffington Post. "They tend to fall back on expectations they have formed in previous terms."
Maybe the idea is too new--or we're just cautious by nature. Even at companies with a traditional vacation policy, CNN Money reported, 40 percent of workers allow some of their allotted time off to go unused.
For now, less than one percent of American employers currently offer unlimited paid vacation time. Aside from Virgin, here are some of the most prominent companies that don't care how frequently you jet off to Hawaii--so they say.
- Motley Fool