Virgin founder Richard Branson has announced that will consider removing the firm's annual leave limit in a bid to improve company morale and reward employees for efficient work.
On the Virgin blog, Branson said he was impressed by a similar Netflix scheme implemented earlier this year - adding that he wanted that working environment for his staff.
The entrepreneur said: “Flexible working has revolutionised how, where and when we all do our jobs. So, if working nine to five no longer applies, then why should strict annual leave (vacation) policies?”
Branson said: “[At Netflix] salaried staff can take off whenever they want, for as long as they want… there is no need to ask for prior approval and neither the employees themselves nor their managers are asked or expected to keep track of their days away from the office.
“It is left to the employee alone to decide if and when he or she feels like taking a few hours, a day, a week or a month off… as long as their absence will not in any way damage the business - or, for that matter, their careers.”
The Netflix holiday policy reads: “We should focus on what people get done, not on how many hours or days worked. Just as we don’t have a nine-to-five policy, we don’t need a vacation policy.”
This comes after the Virgin boss was named the most admired business leader over the past five decades, earlier this week by a Sunday Times FTSE 100 and FTSE 250 poll.