Virgin tycoon Sir Richard Branson has said staff will be able to take as much holiday as they want in a bid to boost morale, creativity and productivity.
He said on his blog that Virgin Group employees in the UK and US will have no limits on their time off – as long as they feel up to date on every project and their absence will not harm the business.
And he said he would encourage all Virgin companies in which he holds a stake to adopt the policy if it proves successful – which would include Virgin Atlantic and Virgin Holidays.
Sir Richard, 64, posted an extract taken from his new book entitled The Virgin Way, which read: "It is left to the employee alone to decide if and when he or she feels like taking a few hours, a day, a week or a month off, the assumption being that they are only going to do it when they feel a 100% comfortable that they and their team are up to date on every project and that their absence will not in any way damage the business – or, for that matter, their careers!"
He added: I’m delighted to say that we have introduced this same (non) policy at our parent company in both the UK and the US, where vacation policies can be particularly draconian.
"Assuming it goes as well as expected, we will encourage all our subsidiaries to follow suit, which will be incredibly exciting to watch."
