Is an Honor Vacation Policy Right for My Company?

Companies in California and across the United States are moving away from traditional vacation accrual policies to unlimited vacation policies, or honor vacation policies. What is an honor vacation policy? How can start-ups implement an honor vacation policy? What should established companies consider in switching to an honor vacation policy from an accrual policy? Fenwick & West employment co-chair Dan McCoy and attorney Sheeva Ghassemi-Vanni discuss this hot new trend and the considerations involved in determining whether an honor See more +
Companies in California and across the United States are moving away from traditional vacation accrual policies to unlimited vacation policies, or honor vacation policies. What is an honor vacation policy? How can start-ups implement an honor vacation policy? What should established companies consider in switching to an honor vacation policy from an accrual policy? Fenwick & West employment co-chair Dan McCoy and attorney Sheeva Ghassemi-Vanni discuss this hot new trend and the considerations involved in determining whether an honor vacation policy is right for a company. See less -

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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