Why Offering Unlimited Vacation is Great for Business
Posted on 08/24/2015
I know what you’re thinking—”Unlimited vacation?! I won’t have any employees in the office, ever!” Okay, now here’s the flip side: unlimited vacation is scientifically proven to improve efficiency, creativity and workplace environment. More and more companies are joining the one percent of companies, like Netflix and Virgin Group, who offer unlimited vacation to their full employee base. Not only does an unlimited vacation policy improve happiness, but it saves your company money. If you’re worried about the bottom line, then you’ll be happy to hear that employees are less likely to take work off with an unlimited vacation policy. But, it’s the offer, the possibility, the opportunity that’s important to employees.
Boosts morale—Want an amazing culture that most companies envy? Offer unlimited vacation. Workplaces become reinvigorated after employees take time off and truly disconnect, no matter how hard it may be. Unlimited vacation also means something different to every employee—an entry-level 24-year-old may want to go backpacking in Europe, while a 38-year-old father may want to go to every single one of his daughter’s little league softball games. The ability for them to customize their vacation is important and boosts happiness.
Best recruiting tool—Blow your recruiting competition out of the water by offering an unlimited vacation policy. Especially for millennial job seekers, benefits have become an important negotiating and decision-making tool. Recruiting and retaining the best talent will craft a high performance culture. This will jumpstart your company into hyper-growth mode.
More connected teams—An unlimited vacation policy re-energizes all employees because happiness spreads positivity. If even one employee goes on a vacation, they boost the atmosphere and bring new, fresh ideas to each team meeting.