Unlimited Paid Time Off: A Good or Bad Idea? | Jobs2Careers Talent Insights


Unlimited Paid Time Off: A Good or Bad Idea? www.shrm.org

That might be changing. Unlimited vacation gathered a new round of attention when billionaire Richard Branson explained on his blog last September why his company, Virgin Group, implemented an unlimited vacation policy for its approximately 170 employees. That policy, inspired by a similar policy at Netflix, allows employees to decide when to take time off and how much time to take without any required approvals from managers. The only requirement is to make sure everyone is up to date on the employee’s work and that the employee’s absence will not damage the business. The rationale is that employees will manage their own time well because it is in the best interest of their careers to do so. – See more at: https://www.shrm.org/hrdisciplines/benefits/articles/pages/unlimited-pto.aspx#sthash.5M6NbT8m.dpuf

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