COMP NEWS – Yearning to go on vacation? With these companies, you might get paid to.
Many companies are including long term awards, multi-factor bonuses, and merit-based rewards to incentivize their top talent. Now, some companies are going even further and offering vacation funds to incentivize employees to maintain a healthy work-life balance.
Here are ten companies that are incentivizing employees to take vacations:
- Airbnb: Employees receive $2,000 in Airbnb travel credit each year. It’s distributed on a quarterly basis and can be used to book stays or experiences on the Airbnb platform.
- BambooHR: The firm offers employees $2,000 each year towards vacation expenses, such as hotel rooms and airfare.
- Calendly: The company grants every employee a $1,000 annual travel stipend, which can be used for hotels, flight, transportation or even staycation activities to help recharge locally during the pandemic.
- Evernote: The company offers employees a $1,000 yearly vacation stipend.
- Expedia: Employees are reimbursed for expenses related to travel and wellness, from $1,250 to $1,750 per year, depending on tenure. Workers can also receive additional funds in their reimbursement accounts based on certain employment milestones and may also be given travel awards in recognition for exceptional work. Plus, they receive discounts on retail and travel packages purchased through the brand’s sites.
- FullContact: The company provides up $7,000 per year for employees to travel. The amount depends on tenure.
- PulsePoint: Employees receive a $500 annual travel reimbursement for vacation.
- Thirty Madison: Employees are eligible for an annual $750 vacation stipend on day one of hire. It can be redeemed once the employee has taken a vacation of five or more consecutive days.
- TripAdvisor: TripAdvisor reimburses for personal travel, among other things, as part of its global lifestyle benefit. The amount paid out for the various eligible services and products is based on years of service and ranges from $1,250 to $1,750 a year.
- United Airlines: Employees receive unlimited standby travel and discounted rates on airline tickets to anywhere United flies.
To read more about why companies are offering to finance employee vacations, click here.
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