The gift of time: Is unlimited vacation leave right for your company? — Business Management Daily: Free Reports on Human Resources, Employment Law, Office Management, Office Communication, Office Technology and Small Business Tax Business Management Daily

The gift of time: Is unlimited vacation leave right for your company?

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in Leaders & Managers,People Management

In the all-out battle to recruit and retain the best qualified, most highly motivated and loyal workforce, more organizations are experimenting with taking a radically flexible approach to monitoring employees’ vacation and personal leave—or even abandoning such tracking entirely.

Among the latest examples:

• At tech giant IBM, each of its 335,000 workers earns three or more weeks’ vacation each year, but the company says it doesn’t officially keep track of the time off.

• Netflix lets its salaried workers take as much vacation time as they want, saying workers are evaluated on performance, not “face time.”

In essence, employers are rethinking their traditional time-off policies in an effort to meet employees’ needs for flexibility, while aiming to boost productivity and retention.

Even more flexible than PTO

Plenty of employers have instituted paid time off (PTO) banks in lieu of separate vacation, sick and personal leave p...(register to read more)

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