Last month, Richard Branson, Founder and CEO of Virgin group said he would offer his employees unlimited holidays.
"Flexible working has revolutionised how, where and when we all do our jobs. So, if working nine to five no longer applies, then why should strict annual leave (vacation) policies?," questioned Branson.
The sole premise on which Sir Richard Branson announced the 'unlimited holidays' policy was that one should focus on what work has been done, and not on how many hours or days a person has worked.
Such a policy may seem benevolent but in industries where human talent is critical for a competitive advantage, it could be a game changer for attracting and retaining talent and for creating favourable corporate branding, experts said.
"Companies that offer unlimited vacation time tend to invest in hiring motivated, responsible employees who balance taking time off with getting their work done. Such a policy is great in attracting and retaining talent," Thomas Cook (India) COO and Head Human Resources Mona Cheriyan said.
Unlimited holidays is an interesting approach but it can be applied partly and in limited situations in India as our work ethics, corporate culture is not ready for this, experts say.
In India, "being there" for the sake of being there when bosses are around, is still the case in a majority of corporations, they added. In a majority of companies, even something as basic as a 5-day week is not introduced and people are still slogging for 6 days, 9-12 hours a day, a top HR official said.
"India is yet to mature to this flexibility as employers and employees still believe in time spent in the office rather than productivity on the time spent," executive search firm GlobalHunt India MD Sunil Goel said.
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