Grant Thornton Plans to Offer Unlimited Vacation
- Aims to entice and keep workers who want more flexibility
- Some concerned employees may end up taking less time off
More Employers Offering Better Vacation Packages
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Grant Thornton LLP, the sixth-largest U.S. accounting firm, will offer U.S. employees unlimited time off, a strategy it hopes will entice workers from rivals with traditional vacation plans.
The new policy, in place by November, will affect 6,700 workers and replace vacation time that capped days off at 30 for the most senior staff, the firm said. Less than 1 percent of U.S. companies offer unlimited vacation, according to 2015 data from the Society of Human Resource Management. Netflix Inc. Virgin Group Ltd. and General Electric Co. have made the switch for some employees in the last few years.