CNN money published a recent article about how some companies offer unlimited vacation time for their employees. YES, you heard that right, unlimited vacation time. When we read that, we had the same reaction that you did just now!
This sparked CNN’s interest when this past Wednesday, Virgin Group billionaire business mogul, Richard Branson, announced that his employees can take as much vacation time as they need. Other companies that offer unlimited vacation time are Netflix, Zynga, Groupon, Glassdoor, Evernote, VMware, Hubspot, Ask.com, Motley Fool, Eventbrite, ZocDoc, and SurveyMonkey.
CNN Money reports:
But according to a June survey from the Society of Human Resource Management, less than 1% of employers offer unlimited paid vacation time. The group surveyed 500 human resources representatives from employers of all sizes across the country.
While the statistics might be disheartening, American workers are notoriously bad about taking their vacation days. A recent report from the U.S. Travel Association showed 40% of American workers will allow some of their paid vacation days to go unused.
But why is that? Did you know that the “United States is the only developed country in the world without a single legally required paid vacation day or holiday. By law, every country in the European Union has at least four work weeks of paid vacation,” according to USA Today. Americans get half of that time, and in most cases less.
Who knows, maybe this 1% will set a standard and we will see a lot more vacation time flexibility in years to come.
So what makes us work so hard, and so often? When you can solve this mystery, give us a call!