Being Part of the Solution: This Tech Company Got it Right!
Last week I posted an infographic about how many Americans are working more that 40 hours weeks and ranted a bit about how crazy we all are and asked are you part of the problem or the solution.
Well here is a tech company, FullContact, in Denver, Colorado, that decided to be part of the solution.
Well, actually one of the founders (and CEO), Bart Lorang, had this wild idea:
The past few years I’ve had this totally insane idea that just wouldn’t go away. It kept gnawing at me.
Last week, I finally decided to do something about it.
At our all-hands we announced the idea: something I like to call Paid, Paid Vacation. You can view the presentation in its entirety here.
In essence, not only do we provide employees minimum 15 days paid vacation plus the standard Federal holidays, but WE ALSO PAY FOR VACATIONS!
Here’s how it works: once per year, we give each employee $7500 to go on vacation.
There are a few rules:
- You have to go on vacation, or you don’t get the money.
- You must disconnect.
- You can’t work while on vacation.
via Paid Vacation? Not Cool. You Know What’s Cool? Paid, PAID Vacation. – FullContact.
I for one applaud his idea and love his rules to make sure people actually do take the time off.
We all need time away to relax and refresh but way too many people just don’t do it.
I know people who put in for vacation, took the time “off” and then worked through most of it!
Well Bart’s move surprised many people. He even got a spot on Good Morning America to talk about it.
And…they are hiring.
Let’s hope a few more companies take a cue from Bart and follow suit.
I believe that in Australia employers are required to pay 150% of your salary while you are on vacation because they know that it costs more to go on vacation than to stay at home.
Thanks for the info Jim. That is a really interesting piece of information. I wonder if we have anyone reading could confirm this?
Sounds like a good reason to work in Australia!