ipl-logo

Unlimited Vacation Pros And Cons

1876 Words8 Pages

1. Introduction

Unlimited vacation has become a very hot trend among companies seeking to recruit and retain quality employees. While maintaining a balance between personal and professional lives, employees not only can increase their work performance but also will stay with the company longer, due to this benefit. I believe that this will enhance what is currently being offered by our company in this competitive market.
As the work and life balance are becoming increasingly blurred, giving employees more freedom over their time off can be an attractive option. A company placing its trust in their employees by offering and empowering their own employees does not go without warrant and can help to achieve a high level of employee satisfaction …show more content…

• Current employee interviews on unlimited vacation.
• Employer savings by converting to this new unlimited vacation policy.

“MGM Resorts International is a recent convert to unlimited vacation. The company implemented what it calls “flex time” in 2014 for its 3,000-plus managers. According to MGM’s Senior Vice President of Human Resources Michelle DiTondo, it has been “very well received” and there have been “very few issues of people abusing the policy. The majority of our managers, due to the nature of our industry, work long days and holidays. They need to take time off to maintain their productivity” (Project Time Off. page 12).

1.4 Sources and Methods

The sources in which were used for background information were to help us understand all views involving the implementation of unlimited vacation. For the purposes of this study, multiple scholarly journals and trade journals were used to compile additional background information. Furthermore, first-hand interviews were conducted with a variety of employees in various roles in the company ranging from executive to those in the field. General questions were asked and answers noted. See Appendix A of the questions …show more content…

• Ensure that the time accrued by current employees and ensuring that the “legacy” employees are compensated as of the time the new policy took effect.
• Require all locations to have a backup /cross training plan in place for employees/floaters.
4. Findings and discussion
It was determined that one of the top benefits of attracting a new candidate and/or retaining a current employee is the benefits in which a company offers. On an average, the increase in turnover rates in the residential vs. the retail/commercial industry is higher than anticipated, mainly due to a tight housing market and reduced compensation. The National Multi Housing Council revealed that an employee is more likely to leave the apartment property management field of 36.1 percent, while the turnover rate of a maintenance technician was about 43.4 percent. In comparison, the retail/commercial industry averaged around 27 percent (Beach. 2018). The aforementioned statistic places a question mark on the overall company’s morale, communication, and

Show More
Related

  • Fmla Pros And Cons

    660 Words  | 3 Pages

    There are always two sides to an action and we have known that for quite some time. So to ask if the Family Medical Leave Act (FMLA) is better or worse for fire departments strikes a conversation. This conversation is focused on the question of, what extent has the FMLA had an impact on the fire service? Through researching the benefits and challenges that departments are faced with the FMLA has benefited the fire service. The benefits of the FMLA are focused on the employee through the ability to take time off work to care for family, as well as provide them with the security of maintaining their employment.

    Read More

  • Fraser Foods Case Study Assignment

    1475 Words  | 6 Pages

    Contents Terms of Reference 2 Procedure 2 Findings 3 Current Structure 3 New Structure 4 Employee Relationships 4 Instructing Staff 5 Contingency Variables 5 Conclusion 6 Recommendations 6 References 7 Appendix A 8 Terms of Reference I am a HNC business student. I am writing this report as part of my course. This assessment covers outcome 4 of the Managing People and Organizations' class.

    Read More

  • Fraser Foods Case Study

    888 Words  | 4 Pages

    Terms of Reference I am a HNC business student. I am writing this report as part of my course. This assessment covers outcome 4 of the Managing People and Organizations' class. Unit F84T 34 Procedure In order to construct this report, I read the case study and highlighted information that I thought was relevant to this report.

    Read More

  • Case Study: Stone Finch Inc.

    798 Words  | 4 Pages

    ASSIGNMENT#1 Case Study: Stone Finch, Inc. Assessment of Jim Billings’ performance as president of Stone Finch: Jim Billings’ energy, capacity to take risks, build a culture of experimentation and make a team of falcons made him appropriate for the position of President of Stone Finch. His growth and success was quick and remarkable as he moved rapidly from the research group to corporate planning to plant management. He was recognized as high-potential leader throughout the company and he was given responsibility to head R&D and invest capital in it. Due to Billings’ capabilities Richard Stone decided to acquire Goldfinch.

    Read More

  • Advantages And Disadvantages Of Non Compete Agreements

    1006 Words  | 5 Pages

    Nowadays, more employers require new workers to sign “Non-Compete Agreements”, in order to prevent insiders from taking consumers’ data, business secrets or newly researched technologies to competing firms when the workers leave. A non-compete agreement is a contract between an employee and employer that confines the ability of workers to involve in business which competes with their current employer. The agreement is most often signed at the beginning of employment. It puts a limit on the employee to not work for a competitor company immediately after leaving their employment with the current company.

    Read More

  • Str 581 Week 1 Critical Thinking Answers

    75 Words  | 1 Pages

    Moreover, the employee get involved more to help the organization succeed.

    Read More

  • J. C. Penney's Organizational Culture

    1033 Words  | 5 Pages

    When employees see they are valuable to the company and they are secure it gives them confidence and in return they give their loyalty to the

    Read More

  • Hrm/531 Week 4

    546 Words  | 3 Pages

    Thirdly, I believe that flexibility is very important today with the employees, because if the working hours are not flexible, they tend to either do not prefer working here or when they get the opportunity they move out. So if wee summarize, in my experience I believe that wages, growth and flexibility are the main reasons that cause turnover in the

    Read More

  • Organizational Behavior Issues In Engstrom Auto Mirror Plant

    5624 Words  | 23 Pages

    Employees at the plant also perceive a breakdown in their psychological contract with the organization.

    Read More

  • Nursing Swot Analysis

    1153 Words  | 5 Pages

    Furthermore Reward loyalty and mentoring program by offer monetary incentives for longevity, as well as for experienced nurses who provide mentoring program to new hires. Focus on orientation also important for staff retention by consider extending the length of orientation and personalizing it to meet the individual needs of new

    Read More

  • A Case Study Of Nike's Human Resource Management

    1033 Words  | 5 Pages

    A-Four support activities: 1- firm infrastructure and finance : -Strong brand, product, marketplace solution, delivery and support. (brand value from 35$ in 1973 to 10.7 billion in 2014 ). -Empowerment of top management –geographic structure. -Low debt, short term debt 2.9 billion, and long term debt 1.1 billion. Cash in hand 2.2 billion.

    Read More

  • Benefit Of Summer Vacation

    773 Words  | 4 Pages

    After every school year there is the summer holiday. Summer is probably the most exciting holiday of all for students because it comes after they finish school and is a huge holiday. Students can do anything and have nothing to worry about. People always seem to question if summer break is beneficial for students or not. Summer vacation is beneficial for students because it gives them a break from school, time for family, time to take courses and look for jobs.

    Read More

  • Advantages Of Remote Working

    812 Words  | 4 Pages

    No longer do people need to use up one of their vacation days just for a dentist’s appointment. This doesn’t necessarily mean that IT staff won’t be available to answer urgent calls when they need to, as these can still be responded to through their mobile devices. It simply means that they have more control over their lives and can manage both their work and personal lives in a way that works for them. 4. Better Employee

    Read More

  • Executive Summary: The Reasons Of Employee Retention?

    735 Words  | 3 Pages

    Employees are the most important part for any organization. They are the associate degree and are the integral part of the organization, without the employees the company cannot imagine to grow and cannot additionally be ineffectual to realize something not even a single goal of the organization. Turnovers lead to more turnovers. Herd mentality is what men and women

    Read More

  • Hcp In Healthcare

    1356 Words  | 6 Pages

    It could be applied for retaining an ageing workforce to promote continuity of care, and retain more experienced HCP in the workforce. The experienced HCP would act as role model among young HCP, and pass their knowledge and skills to them and subsequently improve the quality of healthcare services. They would decide to stay in the organization because of familiarize of working culture and appreciated, and they might not be able to get high salaries in other organizations due to high competition. However, more money does not indicate higher motivation. Therefore, additional retention strategies for HCP should be

    Read More

More about Unlimited Vacation Pros And Cons

Open Document