I like the sound of this!
Mark Douglas is the CEO of a marketing and advertising company called SteelHouse who has very specific rules when it comes to vacation time for his employees. No, he’s not cutting down on time off – he requires that his workers take vacation time, and he gives each employee a $2,000 bonus each year that they have to spend on their vacations.
How amazing is that?
Douglas said, “It’s one thing to say ‘You have three weeks’ vacation,’ as most companies do. It’s another thing to say ‘You have cash, and if you don’t go on vacation and spend this money, the money literally goes to waste.’ It’s another level of saying this is real.”
Douglas also said that the bonus pays off. He says his workers are more productive than ever and that they “have virtually zero turnovers.” Douglas said that between 2013 and 2016, only 3 employees left out of a workforce of 250 people.
Douglas said there are five main reasons why he enacted the vacation policy:
1. It gives employees a chance to recharge.
2. It encourages team-building among staff members.
3. A give-and-take mindset gets the best out of people.
4. A good life-work balance attracts great employees.
5. Customers view the company’s dedication to its employees in a positive light.
Douglas added, “I think it’s important that everyone be able to essentially really, truly leave work.”
In addition to that nice perk, the entire SteelHouse company takes a 3-day weekend once a month.
Not too shabby, huh?