Looking after your employees

How Virgin and Netflix are changing the game with employee benefits

I've just read a news story that Richard Branson from Virgin is changing the perks on time off for new dads.

In his new offer – all new fathers can have up to 1 year off with full pay!
Richard said: 'If you take care of your employees they will take care of your business. As a father and now a granddad to three wonderful grandchildren, I know how magical the first year of a child's life is but also how much hard work it takes. I'm delighted that we can offer this support to our staff so that they can enjoy parental leave to the full as we continue to our work in changing business for good.'

Another article I've read says that Netflix do not track employees holiday.

This radical idea means that all salaried employees don't need to ask for prior approval, nor keep track of their days away. It is left up to the employee to decide if and when he/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 hundred per cent comfortable that they and their team are up to date on everything!

These are both very brave (and costly) benefits and only those multi –million pound businesses could ever afford to do. However it does emphasise the point that if you look after your employees (maybe not on such a grand scale!) that they in turn will be loyal to you.

This will then lead to a happier workplace which will result in happy customers = client retention = extra profit!

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