A small but growing number of companies have done away with “fixed-number-of-days” vacation policies, instead giving employees–with the approval of their managers–the freedom to decide when and for how long to take time off. These companies have, in essence, an “unlimited” paid time off (PTO) policy. Of course, this lack of a vacation policy is, in fact, a policy of sorts.
These unlimited policies aren’t common; only one percent of …Read More
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