‘Unlimited’ vacation! Microsoft’s new leave policy is every employee’s dream
The New Year has brought new experiences and new hopes for everyone. Likewise, as the New Year approached Microsoft has set new leave policy for employees.
New leave Policy
As some may feel it as a ray of hope but for US employees it is a dream come true. Microsoft, a tech-giant has offered its employees an unlimited time-off, starting from next week. The company made the announcement through an email to employees.
Microsoft’s chief people officer, Kathleen Hogan, said in the mail that it will call it ‘Discretionary Time Off’. “How, when, and where we do our jobs has dramatically changed. And as we’ve transformed, modernizing our vacation policy to a more flexible model was a natural next step,” said Hogan, according to a report in The Verge.
The policy is valid for new recruiters or employees as well. Employees who have just joined will also get benefit to emanate the vacation time.
Hence, for now, Microsoft is offering 10 corporate holidays, sick time off, mental health time off, leaves of absence, as well as the unlimited time off policy. They also offer time away for jury duty or grief.
Employees will get a one-time payout in April for all the unused vacation leaves balance.
This new policy is, however, available to only salaried employees. Hourly workers at Microsoft won’t be offered the policy.
In 2020, Microsoft allowed more of its employees to work from home permanently. It also allowed employees to work from home freely for up to 50 per cent of their working week. Employees who opt for the remote work option had to give up their office space, but the touchdown space at Microsoft offices was still made available.
Apart from the tech giant, Netflix, Oracle, Sales force and Microsoft-owned LinkedIn all offer similar unlimited time off policies.
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