- June 29, 2021
- Posted by: Stratford Team
- Category: Business
Your business already has a paid vacation plan. So why not just take the next step and make it unlimited? Yes, unlimited.
An unlimited paid time off plan is just that: a benefit allowing an employee to take as much vacation time as he or she desires. For some employers the idea seems outrageous. But that attitude is changing.
Approximately 20% of corporate respondents in a recently released survey from asset management firm Mercer say that they offer unlimited paid time off to at least some employees compared to 14% two years ago. Unlimited paid time plans are becoming a “top emerging benefit” according to a 2019 study by insurance firm MetLife and are already a significant part of the benefit offerings for many larger corporations. Seventy-two percent of the 2,675 full time employees surveyed in the MetLife study expressed interest in receiving unlimited paid time off.
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