Olipop has introduced a new initiative called 'Summer Recharge' which mandates employees to take at least one full week of paid time off (PTO). The program also includes a monthly raffle awarding four employees with a $1,000 stipend for vacation expenses. CEO Ben Goodwin emphasized this initiative as a way to combat burnout and promote a healthier relationship with PTO, reflecting on data showing many employees do not use all their allotted vacation days. The company already offers unlimited PTO but noted that this can sometimes lead to less time off being taken.
The 'Summer Recharge' program includes a $1,000 vacation stipend for four employees each month from June to September to spend on their vacation.
Olipop CEO Ben Goodwin stated that while unlimited PTO offers freedom, it can result in employees taking less time off, which he found unacceptable.
The initiative is intended to prevent burnout, boost performance, and promote a healthier relationship with PTO, emphasizing the importance of taking breaks.
A survey found that 48% of US employees anticipated having unused vacation days by year-end, with 85% supporting a requirement for minimum vacation use.
Collection
[
|
...
]