Vancouver company offering employees unlimited vacation

A Vancouver company is revamping its holiday policy, giving their employees unlimited paid vacation.

BuildDirect, a Vancouver-based website that sells home improvement and building materials at wholesale prices, unveiled the plan earlier this week.

See Full Article

"We ask people to deliver a lot of aggressive results and we feel like that needs to be balanced with taking a break," Heidi Rolston, the company's vice-president of people, told CTV Vancouver.

All of the company’s 300 employees are salaried, meaning the vacation time they do take will be paid.

The concept is growing south of the border with large companies such as LinkedIn, Netflix and the Virgin Group offering similar benefits to their employees.

"If working nine to five no longer applies, then why should strict annual leave (vacation) policies?" Virgin founder Richard Branson wrote in a blog post when describing the new plan in 2014.

Rolston says the company believes giving this option will help employees learn new skills to make them more productive at work.

The company currently monitors vacation time and asks employees to take a certain minimum of time off work, in order to stay productive.

But there is a catch with the new deal.

Sales targets must still be met and Rolston admits there won't be complete flexibility around the plan.

"We still need to service our customers; we still need to work with our suppliers. So it's not like we have complete flexibility around this," she said.

Employees, however, are excited about the prospect of more chances to kick back and relax.

"My past few jobs I was always the girl taking unpaid vacation so I'm really excited to be able to take my minimum and then some, which I definitely will do," said Katie Kernahan, a marketing manager.

With a report from CTV Vancouver



Advertisements

Latest Economic News

  • CP Rail second-quarter profit hurt by disruptions related to labour strife

    Economic CBC News
    ?Canadian Pacific Railway Ltd. says service interruptions related to labour negotiations and strike notices caused its net income to decrease 10 per cent in the second quarter despite higher revenues. The Calgary-based railway earned $436 million, compared with $480 million a year earlier. Source
  • CP Rail second-quarter profits hurt by disruptions related to labour strife

    Economic CTV News
    CALGARY -- Canadian Pacific Railway Ltd. says service interruptions related to labour negotiations and strike notices caused its net income to decrease 10 per cent in the second quarter despite higher revenues. The Calgary-based railway earned $436 million, compared with $480 million a year earlier. Source
  • Manitoba will charge 'social responsibility fee' on cannabis retailers

    Economic CTV News
    WINNIPEG -- When recreational cannabis is legalized later this year, it will be subject to a government fee and a wholesale markup in Manitoba. The provincial government says a "social responsibility fee" of six per cent will be applied to a cannabis retailer's total annual revenues. Source
  • Costco launches online grocery delivery in Canada

    Economic CTV News
    Costco.ca is the latest retailer to launch an online grocery store in Canada, starting with some stores in southern Ontario. The membership-based retailer has begun offering hundreds of non-perishable grocery items, beauty products and supplements online. Source
  • Nova Scotia's 'unique' cannabis stores unveiled

    Economic CTV News
    HALIFAX -- The Nova Scotia Liquor Corp. offered a glimpse inside one of its coming cannabis stores Wednesday, showcasing a unique retail hybrid not likely found anywhere else in the world. NSLC president and CEO Bret Mitchell took media on a tour of the cannabis store that's inside the NSLC on Joseph Howe Drive in Halifax, saying Nova Scotia is the only jurisdiction that brings cannabis and alcohol sales under one roof. Source
  • Manitoba Hydro boss announces retirement; says the time is right to leave

    Economic CTV News
    WINNIPEG -- The president and CEO of Manitoba Hydro has announced he is retiring less than three years after joining the Crown corporation. Kelvin Shepherd, who joined the utility in December 2015 after a five-year stint at MTS Inc. Source
  • CRA lawyers say Loblaw misused Barbadian subsidiary for tax avoidance

    Economic CTV News
    TORONTO - Government lawyers say Loblaw Companies Ltd.'s Barbadian banking subsidiary was "playing with its own money" rather than an active business with outside customers and is obligated to pay tax back home. Justice Department lawyer Elizabeth Chasson said in her closing arguments at the Tax Court of Canada that Barbados-based Glenhuron Bank Ltd. Source
  • Two become one? Planemakers work on tech to cut pilot numbers

    Economic CBC News
    Airplane manufacturers are working to adapt jets to reduce the number of pilots needed for long-haul flights and to build new cockpits designed for a single aviator in order to ease a global pilot shortage and cut airline costs. Source
  • Condos rushing to ban pot smoking before legalization

    Economic CTV News
    TORONTO -- Gerald Major goes out on the back balcony of his condo several times a day, leaning against the wall and smoking or vaping medicinal cannabis to ease the pain and other symptoms of severe arthritis. Source
  • Marriott to ban plastic straws by next summer

    Economic CTV News
    One of the world's largest hotel companies has followed the lead of other major food and travel players in banning straws across its properties by next summer. Marriott International -- whose portfolio includes more than 6,500 properties in 127 countries and territories around the world -- pledged to eliminate the use of single-use plastic straws by July 2019. Source