Netflix has recently been in the news for their new paternity leave policy which offers an unlimited amount of time off. They aren’t the only company offering a new approach to maternity/paternity and vacation time. In a recent Bloomberg News article, ten US companies were recognized for their generous and flexible paid time off for new parents.
Netflix’s move comes as more and more employers, technology and otherwise, strengthen their paid family leave policies to entice and retain workers. “Experience shows people perform better at work when they’re not worrying about home,” says Cranz. “This new policy, combined with our unlimited time off, allows employees to be supported during the changes in their lives and return to work more focused and dedicated.”
But, all the paid time off in the world won’t help employees if they don’t take it. One of our clients decided to create an unlimited vacation policy in an effort to assist with recruiting and retaining employees. What our client discovered was that there was no sense of urgency to take vacation time and therefore they didn’t use the benefit.
The company was a new start-up and the workload was never ending. The boss didn’t take time off and so the employees, in an effort to mimic their supervisor, were hesitant to use their vacation time.
It wasn’t until the company switched back to a policy of use-it-or-lose-it vacation days that employees began to schedule and use their paid time off.
In the Time Magazine article, 4 Reasons to Encourage Workers to Take Paid Time Off, we learn about a study that proves employees who take vacation actually perform better:
Time Off’s study found that employees who take all of their vacation time increase their chances of getting promoted and getting a raise by 6.5 percent, compared with people who leave 11 or more days of paid vacation unused.
But the benefits are not solely for the workers. If your employees take time off, they will perform better. In his book The Happiness Advantage, Shawn Achor mentions research that found when “the brain can think positively, productivity improves by 31 percent, sales increase by 37 percent, and creativity and revenues can triple.”
We think offering a paid time off policy that employees actually use not only benefits the employee but ultimately benefits the company. If you are considering making a change to your compensation package when recruiting your next business executive, give us a call. Take advantage of our years of experience to help craft and execute a policy that will work best for your employees and your company’s overall profitability.
Give the Chicago sales recruiting specialists at CreativeSourcing a call on  296-0167. We can help.