Vacation time is a great thing. It’s a time to recharge batteries, and simply enjoy life while leaving behind the day-to-day stresses that tend to permeate our lives. Sometimes, we actually have to take vacation time to get things done. Either way, time off is valuable for most of us.
How would you like it if you got unlimited vacation time? That’s right, as much time off as you want to take.
Apparently, per this article on Yahoo!, this is actually happening with some companies. The idea seems as simple as that: take as much time off as you need, as long as you get the work done.
Want to spend a week at home with the kids, getting some great parent-child time? Want to spend a week on the beach, in some exotic location? Sure, this seems like an option with such a vacation time plan. Maybe you can just work super hard when you want to, and then relax a bit at other times It seems like in theory, as long as the employee gets work done, it’s all good!
Well, I don’t have first-hand experience with such an arrangement – just like most people reading this, one would think. My initial view is that this seems to be too good to be true. In this current market and economy, despite what the stock market is doing and what job reports say, it’s not exactly one where the employees have all the power. It’s not Silicon Valley around the millennium, that’s for sure! Thus, I can’t see employers offering up concessions to employees strictly for retention or to entice new hires.
Companies, based on what the article discusses, can save money on expenses by keeping them off the books. They don’t owe money for unpaid time off, it would seem, when a person would leave the company. For the employees, I wonder if this would blur the lines between work and non-work time?
Personally, I like the idea of flexible hours, and generous vacation time. I think people work better and add more value when they are able to get a good work-life experience, and flexibility to get things done that are often unavoidable (like kids sick days, etc). Not worrying about having a long vacation held against you is a good thing. But unlimited vacation time? I don’t know, it just sounds too good to be true as far as being an amazing perk for employees.
We’ll see if this trend picks up and becomes more commonplace, and how this would be implemented on a broad scale.
My Questions for You:
What are your thoughts about an unlimited vacation time policy?
Do you think this would really be a great perk, or something that seems too good to be true?