Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Microsoft staff to get unlimited leave

by January 12, 2023
January 12, 2023
Microsoft staff to get unlimited leave

Thousands of Microsoft employees across the United States will be given unlimited days off in an overhaul of its holiday policy.

The company’s discretionary time off scheme for its American workforce will come into effect on January 16, according to the Verge technology website, which cited a memo from Kathleen Hogan, Microsoft’s chief people officer. The policy for staff outside the US will remain the same.

“How, when, and where we do our jobs has dramatically changed,” Hogan told employees yesterday. “And as we’ve transformed, modernising our vacation policy to a more flexible model was a natural next step.”

Salaried US employees will be offered ten corporate holidays, leaves of absence, sick leave and mental health leave, as well as time away for jury duty, and bereavement leave, alongside unlimited “discretionary” days off. Workers with unused days of holiday are set to receive a one-off payment in April.

Based in Redmond, Washington State, Microsoft owns Azure, the cloud computing business, Windows, the operating system, and LinkedIn, the social network. It was founded in 1975 by Bill Gates and Paul Allen and is now one of the biggest listed companies in the world, with a market value of $1.8 trillion. Allen died in 2018, while Gates, 65, stepped down from Microsoft’s board three years ago. Satya Nadella, 55, is chairman and chief executive.

The switch to unlimited days off brings Microsoft’s holiday policy in line with that of LinkedIn, which it acquired in 2016 in a $26.2 billion deal. Similar policies are also in place at Goldman Sachs, the Wall Street investment banking group, and Netflix, the streaming business.

Reed Hastings, the Netflix co-chief executive, was prompted to overhaul its policy when an employee asked why, when the company did not track hours worked per day or week, it was tracking days not worked per year.

Sceptics question the impact of such policies, particularly inside companies without an environment where employees are encouraged to take time off.

Microsoft said: “Microsoft is modernising our vacation policy to a more flexible model and transitioning to discretionary time off [DTO]. How, when, and where employees do their jobs has dramatically changed and DTO aligns with more flexible ways of working.”

Read more:
Microsoft staff to get unlimited leave

0
FacebookTwitterGoogle +Pinterest
previous post
Cost of living is biggest risk to world economy, says Davos forum
next post
Hunter Biden, China, classified documents: Mystery swirls around Penn Biden Center

You may also like

JPMorgan Chase Invests £40M to Empower Britain’s Disadvantaged...

May 14, 2024

High street beauty retailer The Body Shop with...

November 14, 2023

eBay Waives Fees for Second-Hand Clothing Sales to...

April 9, 2024

Understanding the value of becoming a certified Blockchain...

May 27, 2025

Getting To Know You: Philip Atkinson, Managing Director,...

January 24, 2023

£1m paid to Octopus Energy customers as part...

January 26, 2023

Women missing out on £599 billion in Gender...

October 31, 2022

UK Connect Reveals Innovative Connectivity Solutions to Drive...

October 14, 2024

Thousands of jobs at risk as The Body...

February 14, 2024

Czech Billionaire Plans £400m Overhaul for Royal Mail,...

May 31, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Trump warns of ‘serious consequences’ if Elon Musk funds Democrats

      June 7, 2025
    • Musk jokes about reconsidering stance on Big Beautiful Bill after Schiff’s praise

      June 7, 2025
    • Musk deletes explosive posts about Trump and Epstein files

      June 7, 2025
    • House witness flips script on Dem who ambushed him during hearing with unearthed tweet: ‘Iceberg is ahead’

      June 7, 2025
    • Call with China’s Xi, and Trump-Musk exchange fueled barbs during 20th week in office

      June 7, 2025
    • Trump’s conservative allies warn Congress faces critical ‘test’ with $9.4B spending cut proposal

      June 7, 2025

    Categories

    • Business (8,152)
    • Investing (2,019)
    • Politics (15,568)
    • Stocks (3,136)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved