Posted on 10/14/2015 5:23:35 AM PDT by lowbridge
LinkedIn will soon adopt a new vacation policy with no minimum or maximum vacation days. Everyone just works vacation time out with their own manager.
LinkedIn is also turning July 4 into an extra-long holiday break. All told, the company is going from 15 days of accrued vacation and 13 paid holidays to the "discretionary time off" model (DTO) and 17 paid holidays, effective November 1, the company tells us.
The "unlimited" vacation model is not an original idea, as LinkedIn admits.This has been a thing in the tech-startup world for years. We do the same thing at Business Insider.
But it is unusual for a company the size of LinkedIn to make such a change. LinkedIn has over 8,700 full-time employees in 30 offices worldwide, it says.
According to a study by the WorldatWork Organization published last year, only about 2% of companies offer this kind of alternative-vacation model. Most either offer the traditional model of tracking vacation, sick time, and other time off, or the "personal time off" (PTO) model where time off is one big chunk.
(Excerpt) Read more at businessinsider.com ...
Seen this before. Vacation time drops because everyone is afraid of being seen as abusive.
Or there is no such thing as “being off work”. You can go on vacation but you are still tethered by phone and laptop.
{ shrug }
Parlee Vooo France ehh?
In line with the new vacation policy, will they please give ME a vacation from retards inviting me (repeatedly) to join their LinkedIn circle?
Yep, but at least there's a paycheck at the end of the tunnel.
Hey, don’t knock it. I’m on my eighth year of vacation!
A friend is doing this where he works,, saying the vacation is a negative on the company financials, so they remove it.. .
Almost EVERY time I dreaded Monday following ... lemmee have at least Tuesday ... or better Wednesday.
Most American workers already use only a fraction of the vacation days they’re offered. So some are concerned they would take even fewer breaks without corporate guidance.
Kickstarter instated a 25-day cap on annual vacation time last month after realizing its unlimited time-off policy confused employees.
Last year, the Tribune Publishing (TPUB) reversed its decision to implement the policy within a week of announcing it, also citing “confusion and concern” among workers.
http://money.cnn.com/2015/10/11/technology/linkedin-discretionary-time-off/
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The catch with the new policy is you won’t accrue unused vacation that you eventually get paid to release. Many companies will pay the dollar equivalent after too much vacation time accrues.
I would take off the entire months of October and November for hunting season.
C’est domage.
Enjoy one month free of LinkedIn Premium vacation
time to short LNKD ...
We have this program. It was argued we need it to compete for younger workers. In reality, it simply gets vacation liability off the books and avoids vacation liability accruals because unused vacation days don’t accumulate. The bigger reality is people are afraid to tak time off in this rotten economy.
I get three weeks. Two of them I never see.
Correct, often times sick leave and vacation time are unfunded liabilities that investors do not like to see. If the official policy is to not have a defined vacation allocation for each employee, then the company can technically remove that liability from the books.
Yep.
What would possibly go wrong...
Viva Le Oops!
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