Unlimited holiday time for workers is good for business – even small ones

Work-life balance is a critical benefit, and offering it can be a powerful recruiting tool and unexpected cost saver Companies that offer generous vacation plans are the ones meeting workers’ needs. Last week Microsoft Corporation joined a growing number of companies around the country by announcing that it was now offering an unlimited paid time off (PTO) plan to its employees. “How, when, and where we do our jobs has dramatically changed,” a company HR executive explained in a memo . “And as we’ve transformed, modernizing our vacation policy to a more flexible model was a natural next step.” This makes sense and not just for Microsoft and other big companies. Unlimited PTO should be considered by every business, big and small. My small business offers it. And I have a number of clients who do the same. Along with health insurance and retirement benefits, companies that offer generous vacation plans are the ones that are meeting today’s workers’ needs. There are many recent studies – like this one from the Society for Human Resource Management – that have shown that flexibility, four-day work weeks, remote working arrangements and generous vacation plans are in high demand. Telling a prospective […]

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