A recent article in Fast Company describes a new idea that companies like Hubspot, Accesibility Partners and Netflix have been exploring for managing vacation time, and that is, to Offer Unlimited Vacation Time.
The key idea behind this vacation scheme is that as long as employees do what needs to be done, they can take vacation whenever they want and for the length of time they want. This may seem counter intuitive, but apparently it fosters an environment of trust, productivity and reinforces many positive behaviors that you would like to see in employees. Additionally, what would an Unlimited Vacation Time policy, in a company that's doing a lot of things right, do for it's Net Promoter Score?
I am sure many of us would agree that a significant percentage of HR policies in companies are significantly broken, ranging from people development, performance appraisals, compensation schemes, among others. We can't forget that Deming reminded top management of all this several decades ago, but nothing significant has changed.
Would you recommend colleagues to work for a company with an Unlimited Vacation Time? Why?
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