In our third horizon scanning blog post, we focus on issues relating to the rise in companies in the UK offering unlimited paid holiday and the increase in flexible working requests. We also include a quick reminder on how to follow the statutory scheme.
In the UK, workers are entitled to a minimum of 5.6 weeks’ annual leave in each leave year. This is equivalent to 28 days (including public holidays) for those who work five days a week.
In the US, unlimited paid holiday is an increasingly common benefit, and is often used by companies in the tech sector to attract and retain talent. Well-known global companies, especially those in the tech sector, have adopted unlimited paid holiday policies. Recruitment websites in the UK have shown that, recently, there has been a rise in UK companies following the US tech trend and also offering unlimited holiday. In the current market where ‘The Great Resignation’ is in full swing and where it is becoming harder for employers to attract and retain talent, many UK companies may consider introducing unlimited holiday in a bid to win (and retain) new talent.
It should be noted that we are referring in this post to paid unlimited holiday, where employees are able to take as much or as little holiday as they please per year, all of which is paid. It differs from arrangements where a company offers unlimited unpaid leave.
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