Billionaire businessman Richard Branson is making headlines thanks to a new policy he enacted at his company’s corporate offices. Now, employees at Branson’s Virgin Group receive unlimited vacation days. And though the concept sounds nice for the employees, some experts have argued that the policy will actually encourage people to work more. What do workers think about the concept of unlimited vacation days?
In Ask Your Target Market’s latest survey, 32% of respondents said they currently have a job that offers paid vacation days. 27% said they have had jobs that offered vacation days in the past. And 41% said they have never had a job that offered them paid vacation.
Of those who currently get paid vacation, 58% said they use all of their vacation days every year. 25% said they use all of their vacation days some years. And just 17% said they never use up all of their paid vacation for the year.
But even though most employees who receive paid vacation tend to use all of it, that doesn’t necessarily mean that they need more. 42% of those who receive paid vacation said they are very satisfied with the amount of vacation days they receive each year. 47% said they are somewhat satisfied with the amount of vacation days they receive. 9% said they are somewhat unsatisfied with their paid vacation. And 2% said they are very unsatisfied.
However, when presented with the idea of unlimited vacation, 51% of respondents said they would use more vacation days each year. Just 10% said they would feel pressured to take fewer vacation days. And 40% said they are undecided.
Because of that, just 17% of respondents said they definitely think that offering unlimited vacation would be beneficial for businesses. 25% think it would probably be valuable for businesses. 46% said they think offering unlimited vacation to employees would probably not be beneficial for businesses. And 12% think it definitely would not be beneficial for businesses.
You can view the complete survey results in the widget below and be sure to click “Open Full Report” to take advantage of all the chart and filter options.
What do you want to know? If you need some consumer insights on a particular topic, let us know in the comments below and we’ll consider it for an upcoming survey post.
Results were collected on October 22 via AYTM’s online survey panel.