I think this is a smart move. Three days holiday is long enough to do something, especially if you add a weekend. They will feel better and work better. Money would be forgotten sooner.
In a rapidly growing business, there is often plenty of money (either from sales, or from investors banging on the door), but a shortage of employee time (hiring people takes time, training people takes time).
Giving holiday as a gift may therefore cost the company more than it appears on the surface.
I work at lego and it is awesome, not only we are getting the extra holidays but extra bonus, in previous years we also got extra salary due to performance. by the way we are massively growing our software engineering teams and going through a massive transformation, unfortunately remote is not an option but we have offices in Billund - DK, Copenhagen - DK, London - UK and Shangai - CN.
Sorry for the shameless plug !
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[ 39.7 ms ] story [ 763 ms ] threadBut days off is pretty close 2nd.
> net profit of more than 6.3bn Danish kronor ($954m) for the first half of 2021 – an increase of 140% on the same period in 2020.
> 20,000 employees
I strongly suspect the average wage at Lego is NOT approaching $4M/yr.Giving holiday as a gift may therefore cost the company more than it appears on the surface.
https://www.lego.com/da-dk/careers