You’ve heard me say it time and again …
Take care of your PEOPLE and the MONEY will take care of itself!
What is the vacation policy at your company?
Do your employees have a set # of weeks … or days … that they are granted for vacation? Just the minimum required by law or MORE?
Does it need to be REQUESTED and approved by a certain date each year?
Are they (and their families) HAPPY with the vacation procedure at work?
Most importantly … are YOU happy with YOUR vacation policy?
Back in 2014 I came across this article “Richard Branson Announces Unlimited Vacation Policy for Virgin Staffers.”
Richard Branson noted that employees would only take time off “when they feel one hundred percent comfortable that they and their team are up-to-date on every project and that their absence will not in any way damage the business — or, for that matter, their careers.”
At the time I was 100% in agreement with this new policy. Afterall, when I was “chief cook and bottle washer” at a law firm when my children were young I worked out a similar work/time-off policy for myself with my employer; one that allowed me to
- be at all school and sporting events,
- take various long-weekends,
- take spur-of-the-moment mid-week ski getaways,
- numerous family vacations, and
- be at home 4 days a week all summer long each year.
So when I came across an old email with this article in it I asked myself, and then Mr Google … How successful was Virgin’s Unlimited Vacation test-pilot?
Well, in March of this year Richard Branson was speaking at a Qualtrics X4 Experience Management Summit in Salt Lake City, Utah when he told the audience that “We encourage all our companies to give indefinite holiday time, paid. If somebody wants to go off for two months, they can.” Read the full article here (click here).
I’m not so sure this could work in every company, but maybe some variation of it would work in yours.
I’d love to hear your thoughts on this … Do you see how (some variation of) Unlimited Vacation time could benefit your company?
Are you ready to follow Branson’s advice of: “try to get change within your company …”?
M. Lynne Jacob
Business Advisor, Performance Coach, Key-Note Speaker & Best-Selling Author