Unlimited Vacation Time: Could Your Company Make It Work?

If work-life balance is as big a conundrum as ever, giving workers more control over vacation is often seen as a big part of the solution. What would happen, for instance, if companies gave workers all the time off they wanted? One imagines offices emptying, teams with critical voices missing and productivity collapsing. And yet, some employers are beginning to grant unlimited vacation and sick time, and the results are surprising.

Netflix attracted attention a few years ago when it announced an all-you-can-take paid vacation policy. Companies including General Electric, LinkedIn and Virgin Group have also adopted similar policies. There are strong potential incentives for both the company and employees: Management can spend less time tracking and coordinating vacation time, and workers can take leave to fit the contours of the workload instead of committing to a vacation blocked out months ahead of time.

Full Story: http://knowledge.wharton.upenn.edu/article/unlimited-vacation-time-sounds-great-policies-deliver/?utm_source=kw_newsletter&utm_medium=email&utm_campaign=2017-03-07