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re: EDIT: Should employees be allowed unpaid leave if their work is covered?
Posted on 3/11/16 at 1:00 pm to LNCHBOX
Posted on 3/11/16 at 1:00 pm to LNCHBOX
quote:Yea, that's absurd. To the OP's point, sure employees should be allowed to do that. But a policy that harsh is insane and would likely not do a good job to attract top notch talent.
You don't see how ridiculous this sounds? A whole year with no paid time off, and having to "make up" a day or two on weekends? I could be coming straight out of school and would laugh my arse off at that offer.
Posted on 3/11/16 at 1:04 pm to OMLandshark
And that's fine if you would walk away, others feel differently. The company will be fine if you join or if you don't join, we only need to find 1-2 people a year and so far haven't had problems finding the right people to fill the slots
Posted on 3/11/16 at 1:08 pm to shel311
Another point thats important is there have been several in-depth studies into how consistently productive a human can actually be.
On the small scale, the human mind can be productive in bursts of say 20 mins at a time. Ill freely admit of the 40 hours a week I work, 18-24 of those are productive. Thats true for most. The mind wanders. Things distract you.
This belief that people can work 52 weeks a year, 5 days a week, 8+ hours a day, is unfounded in actual science. Its not more or less productive. Often it actually is less. But companies cant let go of the suspicion that its costing them production/money.
My goal in life is to run my own company and in turn make beaucoups of money. But im going to implement several things. Staggered workdays/workweeks (i.e 6 hour days, 4 day weeks). Exorbitant vacation time. Studies show, and i suspect results will show that productivity will not fall off.
On the small scale, the human mind can be productive in bursts of say 20 mins at a time. Ill freely admit of the 40 hours a week I work, 18-24 of those are productive. Thats true for most. The mind wanders. Things distract you.
This belief that people can work 52 weeks a year, 5 days a week, 8+ hours a day, is unfounded in actual science. Its not more or less productive. Often it actually is less. But companies cant let go of the suspicion that its costing them production/money.
My goal in life is to run my own company and in turn make beaucoups of money. But im going to implement several things. Staggered workdays/workweeks (i.e 6 hour days, 4 day weeks). Exorbitant vacation time. Studies show, and i suspect results will show that productivity will not fall off.
This post was edited on 3/11/16 at 1:09 pm
Posted on 3/11/16 at 1:08 pm to Sneaky__Sally
You have to fill two positions every year and your think your policies are working? 
Posted on 3/11/16 at 1:09 pm to shel311
That is an extreme summary isn't how the policy actually is implemented
Posted on 3/11/16 at 1:10 pm to shel311
quote:
sure employees should be allowed to do that. But a policy that harsh is insane and would likely not do a good job to attract top notch talent.
Maybe this is the key. I guess if someone is willing to work a job with NO days off, then they must really, really need that job, and probably can't get another job at the moment. IMO that job is not a good opportunity. If the company is that stingy with time off, what else will they do to you? God forbid your parent dies and you have to go to a funeral and make arrangements, or if you have a health issue and need surgery.
This post was edited on 3/11/16 at 1:11 pm
Posted on 3/11/16 at 1:11 pm to LNCHBOX
Ya it's a year long apprenticeship. The people we hire work in "research" as we call it and then move up after 12-18 months. Then we hire new people to fill the vacated slots. We have very little actual turnover, most of it from people moving to a new city.
Posted on 3/11/16 at 1:13 pm to cyogi
I think it's a pretty broad generalization to say that a company with no vacation year 1 wouldn't let you go to a funeral or take care of medical needs. That's certainly not how ours was implemented
Posted on 3/11/16 at 1:13 pm to Sneaky__Sally
So you're not hiring actual professionals under this policy. Got it.
Posted on 3/11/16 at 1:15 pm to LNCHBOX
They are college graduates, it's required to be a member of the professional organization which they enter in to after year 1.
Posted on 3/11/16 at 1:20 pm to Sneaky__Sally
What industry is this?
Posted on 3/11/16 at 1:23 pm to Louie T
Best description would be data analysis, we produce technical reports mainly for financial firms, banks, litigation and some government work in addition to the occassional private client.
Posted on 3/11/16 at 1:25 pm to Sneaky__Sally
If you're hiring for investment banking or equity research, I would like a job and be happy to take no vacation year 1...
This post was edited on 3/11/16 at 1:27 pm
Posted on 3/11/16 at 1:29 pm to Louie T
Ya, it's pretty closely associated with that but it's not an investment firm. An analogy would be like an oilfield services provider is to the oil companies.
I wish I could help but they just let go of 2 people. Not very excited about the econimc outlook in Louisiana for the next year.
I wish I could help but they just let go of 2 people. Not very excited about the econimc outlook in Louisiana for the next year.
This post was edited on 3/11/16 at 1:32 pm
Posted on 3/11/16 at 1:32 pm to Sneaky__Sally
Employees ever jump ship to IBs or is that not an available career move? I studied accounting but am researching a move into IB & ER.
Posted on 3/11/16 at 1:35 pm to Louie T
quote:
If you're hiring for investment banking or equity research, I would like a job and be happy to take no vacation year 1...
Exactly, most reasonable college grads with good STEM degrees are willing to work a year with no vacation. Their first year is learning and training, and add very little, if any value to the company and meanwhile get good benefits, pay and actually learning a skill they would not get elsewhere.
Amazon is an amazing company, but read up on their draconian work hours, vacation policies and boot camp mentality. Amazingly, young college grads go to work there in droves due to the experience they gain. Not everyone wants to be pampered when they don't have any marketable skills to offer.
Posted on 3/11/16 at 1:37 pm to Louie T
We haven't had a lot of turnover, but one guy jumped to a REIT and someone else is in New York working for a startup which is some sort or niche data provider, I'm not real sure exactly what they do. Another guy writes for a financial publication but he didn't really like the grind of the job. I've learned a lot, but it is a real grind until it all starts to click.
Posted on 3/11/16 at 1:38 pm to MadDoggyStyle
Investment banking isn't even remotely representative of an average job in either pay or schedule; their idea of reasonable work/life balance is so far out of whack with most other fields. With that said, I would do it.
Posted on 3/11/16 at 1:39 pm to Louie T
Neither is medical equipment technical sales and other tech sales jobs.
This post was edited on 3/11/16 at 1:41 pm
Posted on 3/11/16 at 1:42 pm to Louie T
I'm glad we got some civil discussion in here at the end, I'm gonna exit before it turns again
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