Amid continued record high quit rates firms are scrambling to help their staff wind down.
Whereas some are rolling out innovative benefits like giving new starters paid leave before they start, or a greater say over where they work, one investment startup is going the extra mile when it comes to paid time off, offering workers $2,000 or $10,000 in equity if they take two weeks' worth of vacation.
It's a way of ensuring that staff actually take their unlimited holiday, Giuseppe Sette, co-founder and president of AI investment startup Toggle AI, told Insider.
Toggle AI, an online investment platform, formally introduced an unlimited paid leave policy in February 2022, influenced by those pioneered at tech firms like Netflix.
However, despite the benefit being popular among employees, studies show that having unlimited paid leave can actually lead people to take less holidays, because they're eager to prove their worth or don't feel trusted by management, for example.
The founders wanted to avoid this "giant psychological trap," Sette said. Incentivising the benefit is a way of conveying clearly that the founders mean it when they say they want staff to take it, he added.
Read the full article on Business Insider