Why Unlimited Vacation Isn’t as Great as It Sounds
So far, unlimited time off is still relatively rare. Only around 6% of employers offer it.
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Microsoft Corp., Adobe Inc., Netflix Inc. and Goldman Sachs Group Inc. are among a growing list of companies switching from offering employees a fixed allowance of paid time off to unlimited vacation. To workers, it may seem like a dream. Such plans also can have benefits for businesses and even save them money. Yet there are potential pitfalls in the mix for both employees and employers that can make time off with no limits too much of a good thing.
There are several reasons: