>>Even better, if you were laid off, you could get the vacation in cash
Even better, in a few places you don't have to be let go encash leaves.
My last company had a leave encashment policy. I remember, I hadn't taken a single leave in 5 years. I knew many of my senior colleagues hadn't taken one in 7+ years. When the mandatory leave encashment period arrived, we ended up with a quite a good chunk of cash.
After that the leave encashment policy was amended by the then CFO, realizing what had just happened. The new policy was designed to have a concept of 'leave expiry'(If you don't rest, may be you don't deserve rest in the future).
I guess the new CFO's now realize, 'leave expiry' policies force the other kind of culture- where every one wants to take leaves which now forces the people who other wise don't take leave to take it, because no one wants to 'waste' leaves.
So the most obvious solution is to put in a 'unlimited vacation'. So that the onus of leave is on you and your manager, if you there is ever a free time in your project you can have that vacation(Which will never come to pass anyway). This way you neither have to pay leave encashment nor have employees who enjoy full benefit of leaves. Instead the company as a whole now has lesser employees taking fewer leaves.
Even better, in a few places you don't have to be let go encash leaves.
My last company had a leave encashment policy. I remember, I hadn't taken a single leave in 5 years. I knew many of my senior colleagues hadn't taken one in 7+ years. When the mandatory leave encashment period arrived, we ended up with a quite a good chunk of cash.
After that the leave encashment policy was amended by the then CFO, realizing what had just happened. The new policy was designed to have a concept of 'leave expiry'(If you don't rest, may be you don't deserve rest in the future).
I guess the new CFO's now realize, 'leave expiry' policies force the other kind of culture- where every one wants to take leaves which now forces the people who other wise don't take leave to take it, because no one wants to 'waste' leaves.
So the most obvious solution is to put in a 'unlimited vacation'. So that the onus of leave is on you and your manager, if you there is ever a free time in your project you can have that vacation(Which will never come to pass anyway). This way you neither have to pay leave encashment nor have employees who enjoy full benefit of leaves. Instead the company as a whole now has lesser employees taking fewer leaves.