Microsoft Corp. is providing its full-time U.S. employees with unlimited time off, effective this week.
The policy, which will only apply to salaried U.S. workers, will be available to these employees as soon as they join the company, according to a report by technology news website the Verge. Employees who have an unused vacation balance will get a one-time payout in April.
“How, when and where we do our jobs has dramatically changed,” said Kathleen Hogan, chief people officer at Microsoft, in an internal memo cited by the report. “And as we’ve transformed, modernizing our vacation policy to a more flexible model was a natural next step.”
In addition to the new policy, U.S. employees receive 10 corporate holidays, leaves of absence, as well as paid leave for bereavement, jury duty, illness and mental health, noted the report.