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Inside Richard Branson's Decision To Give Virgin Employees Unlimited Vacation

• Business Insider

Virgin founder Richard Branson recently declared that the company's employees can take as many vacation days as they want, provided that "their absence will not in any way damage the business — or, for that matter, their careers!"

Branson said that he got the idea from Netflix. His daughter Holly forwarded him an article on how the video-streaming giant lets employees take as many days off as they need.

She suggested that it would be "a very Virgin thing" to do the same. 

With Branson's blessing, Virgin will now join an estimated 1% of American companies that offer unlimited vacation, a number that's stayed stable for a few years

Netflix, his inspiration, has had unlimited vacation policy since 2002. Company leaders realized that there was no California law requiring them to have a formal system, so founder Reed Hastings decided to "skip the accounting rigmarole" and handle vacation informally.

Soon after, salaried employees were told to take off as much time as they felt appropriate, sorting out the details with their bosses.

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