A clear and understandable time-off policy is crucial for not only budgetary reasons, but for employee morale, writes Sharon Florentine for CIO.com.
Ms. Florentine, summarizing a study from Kronos, a worldwide workforce management service, and The Society for Human Resource Management, says that the highest stressor for employees is often a poorly developed policy for vacation and sick days, and that can lead to many kinds of business inefficiencies.
Ms. Florentine sums up the best four tips for crafting a successful and employee-friendly time-off policy, saying it should be generous, flexible, fair as well as measurable.
Crafting a clear time-off policy is of the utmost importance, she says, because many times when vacation time isn't clearly defined — as in the case with "unlimited time off" policies — it can lead to more stress for employees, and not less.
In the end Ms. Florentine suggests that the lower the stress for employees, the more productive and loyal they can be.
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