The CEO of a marketing company pays his employees $2,000 a year to go anywhere on a vacation. Yes, you read that right!
The CEO of a marketing company pays his employees $2,000 a year to go anywhere on a vacation. Yes, you read that right! Mark Douglas, CEO of SteelHouse, a cloud-based digital marketing, and advertising company in California, told Business Insider that he came up with the idea to pay employees to take a vacation in 2011, a year after the company launched in 2010. Mark told Business Insider that he firmly believes, “If you have a caged lion that was born in captivity, and then you open the cage, they back up more into the cage. They don’t start running free.” Doesn’t it make perfect sense? If you want a lion to hunt to its full potential, you have to let it be the beast that it is.
According to Business Insider, “If you work at SteelHouse, the company will pay you $2,000 a year to go anywhere in the world and do anything you want (provided it’s not illegal). You can spread it out across multiple trips or blow it all at once; Douglas leaves it up to the team member. Our culture is really simple. It’s based on trust and ambition,” he says.”
When employees book their tickets, they are reimbursed the very next day. And those who don’t have enough cash on them, they are given the company credit card to make bookings. He explained that once the employees return from their trips, they submit their expenses and are reimbursed for it (up to a maximum of $2000). Although, there are some who want to take the amount as a bonus and spend it elsewhere. But Mark literally forces them to use the money for a vacation. Imagine that! The most important part is that all his employees come back recharged and refreshed, which in turn results in much better productivity. So far, only 5 of his 250 employees have quit. And 3 of those were non-job related resignations.
How cool is that? Hello! Indian companies, are you listening??