Saturday, December 31, 2011

Video: Open-ended vacation policies a good idea?



>> and in need of a vacation. maryland-based company is offering a unique perk. unlimited vacation. wedding wire writes on the website, we want you to have a life so our vacation policy is simple. take what you need. can you believe that? joining us with more is the director of rule an resources, jenny harding. i was reading your website and thinking this has to be a typo unless you can say i can take six months off. it's natural that you would make that leap. a lot of people have. the policy is like any other vacation policy out there. you still have to make sure you get your job done and have to schedule the time with your supervisor. it works the same, you just don't have this bucket of time that you have to draw your time from.

>> what have you found? have your employees taken advantage of this policy or are they away more than they were before?

>> we have only started to institute it as of minute or tuesday when we get back to the office. 2012 will be the launch time. we slowly let ourselves get to this place. in 2011 at the beginning of the year, we granted the entire year's worth of vacation time to all of our employees at the beginning of the year.

>> where do you draw the line? when they sit down and say i would like to take off six months as i was saying earlier, how are you going to say no, you can't do that?

>> the crux of it is, the way our business works, we have highly collaborative teams of employees and the absence of a six-month period of time would prevent from you being able to get your job done. at the same time we don't want to be able to say you can't take three weeks off for the honeymoon in june and not have time off around the holidays to spend with your newlywed.

>> why did you start this? it sounds like something out of california from the dot-comes out there. did you think you might have more output?

>> there is that obviously. we want to have a happy employee and because they are more productive. we are competing for the talent in this area and we want to attract world class talent to the business. if this means somebody might relocate to the washington area to work for a bethesda-based company, we would love to be competitive. in that same market with the dot-comes.

>> they have the restaurants and all the valet services and the cars and the masseuses. they also may be looking at the study. we were looking into this. expedia put out a study that shows how much vacation folks are taking around the world. you can see our european breath ren get almost twice as much as we do, although we get less here, we don't take it all.

>> that's true.

>> that is something we found giving vacation at the beginning of the year, people ended up with big balances at the end of the year. not only --

>> why?

>> i think that for one, people work differently. at least in our company. if you are going to be going to the dentist through the day, you are not counting that against your vacation because you work later when you get back or make it up during the week. people weren't taking vacation time as much to do errands and to schedule with their spouses. we already had a flexible work schedule. the chunks of time that people weren't taking to be away, we were a smaller company and everybody has big responsibilities.

Source: http://video.msnbc.msn.com/newsnation/45827875/

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