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

  • Canadian labour leader Bob White, instrumental in creating CAW, dies

    Economic CTV News
    TORONTO - Canadian labour leader Bob White has died. White was instrumental in creating the Canadian Auto Workers union, which broke away from its American parent in the mid-1980s. He was the CAW's founding president from 1985 until 1991 -- a period when the union was at the height of its power, representing most of the Canadian employees of the big U.S. Source
  • Bob White, 'true maverick' former president of Canadian Auto Workers, dies

    Economic CBC News
    Bob White, the Canadian union leader who founded the Canadian Auto Workers after splitting off from its American counterpart, has died at the age of 81. Unifor, the union which now encompasses the Canadian Auto Workers, tweeted that White was "a great union leader. Source
  • Wholesale trade rise 0.7% in December for third straight monthly gain

    Economic CTV News
    OTTAWA -- Canadian wholesale trade grew 0.7 per cent to $57.3 billion in December, registering its third consecutive monthly gain. Statistics Canada says sales in categories such as machinery, equipment and supplies, as well as building material and supplies were the biggest contributors to the increase. Source
  • China, Canada face similar pension challenges: CEO of CPP Investment Board

    Economic CTV News
    BEIJING -- The top executive at Canada's largest retirement fund is in Beijing today to help grow the fund's relationship with Chinese pension officials. Mark Machin was on hand for the official launch of a Chinese translation of "Fixing the Future" -- a book tracing the political and financial hurdles that were overcome when the Canada Pension Plan Investment Board was created in the 1990s. Source
  • Unilever shares tumble as Kraft Heinz drops takeover bid

    Economic CBC News
    Kraft Heinz Co.'s rapid retreat from its surprise $143 billion US bid for Unilever in the face of stiff resistance knocked the Anglo-Dutch company's shares on Monday as investors assessed the impact of the failed approach. Source
  • Hong Kong Disneyland posts 2016 loss on tourism softness

    Economic CTV News
    Hong Kong Disneyland posted a wider annual loss on Monday as attendance by mainland Chinese tourists dropped amid a softer tourism market. The park said it lost 171 million Hong Kong dollars (US$22 million) on revenue of HK$4.8 billion for its most recent financial year, which ended Oct. Source
  • Unilever shares slide after Kraft Heinz withdraws US$143B bid

    Economic CTV News
    NEW YORK -- Shares in Unilever, the owner of brands like Hellman's, Lipton, and Knorr, are down sharply after rival Kraft Heinz withdrew a US$143 billion takeover offer. The companies said Sunday in a joint press release that Kraft Heinz has "amicably" abandoned the offer. Source
  • Quebec turns up the maple syrup taps amid internal revolt, foreign competition

    Economic CTV News
    MONTREAL -- Quebec, the world's largest producer of maple syrup, is ramping up output as it fends off rising competition from the U.S. and neighbouring provinces as well as a farmer rebellion from within. The province is adding five million taps over the next two years to its existing 43 million spigots. Source
  • Mortgage math: Rates aren't everything, don't forget to consider term

    Economic CTV News
    OTTAWA -- You shopped around for the best deal on your mortgage and weighed the pros and cons of going with a fixed-rate or a variable-rate loan, but another key factor to consider is the term. Source
  • Plutocrats with their crony capitalism are taking over again in the U.S.: Don Pittis

    Economic CBC News
    Can one of the richest cabinets in White House history since the late-19th-century Gilded Age make the United States equal again? Many have their doubts. In fact there are signs that instead, the U.S. Source