Happy Holidays !
As a CEO, do the words “unlimited vacation” cause cold sweats and an overwhelming urge to hide all your employees’ passports? If so, you aren’t alone–most CEOs have some discomfort around the concept of unlimited vacation, which explains why only 1 percent of U.S. companies offer this program.
Among these 1-percenters is Netflix, an unlimited-vacation pioneer and the company that inspired Richard Branson to recently announce a similar policy for Virgin. As Reed Hastings explains in the 2009 Netflix “Freedom and Responsibility” practices, his company exercises a “trust policy” when it comes to scheduling their vacation days. It’s a policy that puts control in employees’ hands.
Unbridled PTO power is what makes some CEOs worry that their staff will shirk…
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