Days off/year: Untracked
One novel approach to vacation policy is to do away with it altogether. About a year ago, software company HubSpot stopped tracking its employees' vacation days or sick days.
HubSpot's chief marketing officer Mike Volpe says that the company's approach to vacation stems from a time when HubSpot employees were plugging away on projects from outside the office and devoting their nights and weekends to work. The company's management team figured that since employees weren't getting paid extra for the additional hours they were working, they shouldn't be monitored closely when they needed to take time away from the job.
HubSpot is among several companies that have stopped counting vacation days. Other big-name companies that have implemented similar policies include IBM, Best Buy and Netflix. "We're still really happy with the policy," Volpe says. "It is working great. There is less administrative overhead, employees are free to take the time they need, and it is a great tool for recruiting new employees."
NEXT: Morningstar: Unlimited days off?