LinkedIn is introducing unlimited holiday for its US employees, from 1 November 2015.
The social media organisation, which employs 8,700 full-time staff worldwide including some 6,000 in the US, is changing its holiday policy in line with one of its key values: ‘Act like an owner’.
Its move to a new discretionary time off (DTO) model will mean that there is no set maximum or minimum limit on the amount of annual leave staff can take. Under the new system, employees will work with their manager to request time off.
The change in approach follows the extention of the Fourth of July break, a federal holiday in the US, to the 5-8 July.
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Pat Wadors, senior vice president global talent organisation at LinkedIn, said: “We believe DTO, along with our new July Fourth holiday break, will give our employees the ability to better meet their personal needs, which will then allow them to bring their best self to work.
“We are not alone in making this shift to DTO. It’s part of a growing movement to place more focus on results and empowerment, not hours worked. And it’s an important step to help employees recharge and [remain] engaged.”
This is a growing trend in the US, Silicon valley. The real reason behind it is so that vacation and its liability doesn’t need to be accrued in their books. Speak to any CFO and they will confirm it.