Unlimited vacations for employees equals booming profits for companies

Global Business

Unlimited vacation sounds tempting, but not everyone’s seduced by the idea.

The chairman and founder of the Virgin Group, British entrepreneur Richard Branson, said on his website that he is allowing nearly 200 of his personal staff to “take off whenever and however long they want.”

They don’t even have to ask for approval and their managers are not required to keep a record of their holidays. Keep in mind the new policy only applies to the 170 staff at the Virgin Group head offices in the U.S. and U.K., not to the other 50,000 employees of the larger Virgin Group.

For more on the idea of unlimited vacations, CCTV America’s Michelle Makori was joined by John Konselman. He’s Vice President of Creative Content with consultants the Employee Engagement Group.

Unlimited vacations for employees equals booming profits for companies

Unlimited vacations for employees equals booming profits for companies

For more on the idea of unlimited vacations, CCTV America's Michelle Makori was joined by John Konselman. He's Vice President of Creative Content with consultants the Employee Engagement Group.