Do We Even Need Vacation Policies Anymore?

Media / Blog

Do We Even Need Vacation Policies Anymore?

Prev

The Latte Effect: How much could you be saving?

September 24, 2014

When I was running one of my first corporate divisions for a Fortune 50 company, I had a very wise operations person by my side. One day he shared an important lesson with me that I will never forget. He said, "Ted, don't plan to put any policies in writing that you are not 100% certain that you plan to enforce." In the midst of this, I have learned through corporate America, and through running several of my own businesses, that policies can be both good and bad for the culture of an organization. One that has come under some heated debate is the notion of whether or not we need vacation policies in organizations anymore.

What's more scary to you and the health of your organization . . . a) your employees have four weeks of vacation but they never take it (OR) b) you have an unlimited vacation policy and worry about people abusing it?

The truth is that when I climbed my way up the corporate ladder at the Fortune 50 Company, the more skittish I became about taking vacation. It was never encouraged by the executives at the top of the organization, and in fact you felt almost guilty about taking a vacation to begin with at all. While workers in the EU are guaranteed 20 days of paid vacation (or holiday as they say it) and in some countries 25 or 30 days, we are still the only industrialized nation that offers ZERO required paid vacation time by employers.

The reality is that the Pygmalion Effect can work for or against us in organizations. I love what companies like Mass Relevance are doing with the new word "Freesponsibility". The concept of setting your vacation time and your own work hours. It creates a decidedly different impact on how the culture of the organization is developed. Isn't it true that even if you have vacation days through a policy that you have to get them approved anyway? In a no vacation days policy, wouldn't that approval process happen just the same?

I'm highly considering moving my company to a no vacation day policy as well. In this day and age of technology, pretty much work and personal life have become a blurred line anyway in our lives. To maximize productivity an organization, we may need to consider giving employees their own discretion to manage the Goose and the Golden Egg relationship. Only time will tell, but I wonder if we really need vacation policies anymore?

Written by: Ted Jenkin
Request a FREE consultation: www.oxygenfinancial.net


If you would like to receive more information on making smart money moves for your future, be sure to contact us today!

Next

Protected: 9/23/14 – The Effect of Past Due Student Loans on Social Security

Sign Up

Sign up for our exclusive Sunday Paper with a weekly market commentary, insightful personal finance blogs, and life changing education guides.

Email sign up

Securities offered through Kestra Investment Services, LLC (Kestra IS), member FINRA/SIPC. Investment advisory services offered through Kestra Advisory Services, LLC (Kestra AS), an affiliate of Kestra IS. oXYGen Financial is not affiliated with Kestra IS or Kestra AS. Kestra IS and Kestra AS do not provide tax or legal advice. https://Bit.ly/KF-Disclosures

This site is published for residents of the United States only. Registered Representatives of Kestra IS and Investment Advisor Representatives of Kestra AS may only conduct business with residents of the states and jurisdictions in which they are properly registered. Therefore, a response to a request for information may be delayed. Not all products and services referenced on this site are available in every state and through every representative or advisor listed. For additional information, please contact Kestra IS Compliance Department at 844-553-7872.

PLEASE NOTE: The information being provided is strictly as a courtesy. When you link to any of the web sites provided here, you are leaving this web site. Kestra IS and Kestra AS makes no representation as to the completeness or accuracy of information provided at these web sites. Nor is Kestra IS and Kestra AS liable for any direct or indirect technical or system issues or any consequences arising out of your access to or your use of third-party technologies, web sites, information and programs made available through this web site. When you access one of these web sites, you are leaving our web site and assume total responsibility and risk for your use of the web sites you are linking to.