Monday 22 November 2021

Unlimited Holiday

Workers at a London stockbrokers will have unlimited holiday from next year to try to prevent staff burnout. Finncapp employees will have to take a minimum of four weeks leave plus two or three days every quarter. Unlimited paid holiday is a perk popular among some US tech firms but less so among financial services companies. For some companies it works well, increasing productivity, but others found staff took less time off. Ms Smith said the company really started to notice how much mental health strain employees were under in February this year. On Zoom calls, people were getting frustrated and some were not wanting to communicate. Staff had worked very long hours from home in the pandemic, especially during lockdowns, and the "lines between work and life became blurred", Ms Smith said. And because everyone else was working, that put more pressure on people to just keep working, she said. By June, mental health pressures were starting to hit employees' physical health, with people taking time off, and the company decided to change its working practices. Other firms have been trying to deal with workplace stress by giving workers some time off. Dating app Bumble temporarily closed its offices in June for a week to combat workplace stress. In April, LinkedIn shut down for a week, giving nearly all of its 16,000 employees a break. Nike headquarters staff in Oregon also got a week off in August to support their mental health.