Did you know that you can now hear the HR Happy Hour show on your Alexa? Simply enable the HR Happy Hour skill and you can hear flash briefings a few times a week. These 3-5 minute episodes cover all kinds of topics that will help you keep your HR skills sharp and stay on top of the latest news. I am recording shows every week or so in addition to the other hosts, and I also am still running We’re Only Human for full episodes.
In a recent episode of the HR Happy Hour Alexa show, I talked about unlimited paid leave plans (episode embedded below; subscribers click through to listen to the 4-minute discussion).
Then last week I spoke with a firm that mentioned the accrued vacation leave liability on their books (millions of dollars!) If you work in HR, you are trying to give your workforce the best benefits you can afford, and that includes paid leave. We want to give them something that shows them we appreciate their efforts, but what happens when employees don’t use that leave? That’s right–it starts to build up a huge liability on the books.
Additionally, it can impact your firm in other ways as well. Taking vacation time has been associated with reduced stress, improved mental/physical health, and more.
Ready for a strategic moment? Sit down with your CFO to talk about how you can reduce that aggregated vacation leave balance (and the associated liability on the balance sheet). Below are four ideas for how to approach it from the HR side. Continue reading