Netflix lets its staff take as much holiday as they want, whenever they want – and it works

At Netflix, the vacation policy is audaciously simple and simply audacious. Salaried employees can take as much time off as they'd like, whenever they want to take it. Nobody – not employees themselves, not managers – tracks vacation days.

So the company scrapped its formal plan. Today, Netflix's roughly 600 salaried employees can vacation any time they desire for as long as they want – provided that their managers know where they are and that their work is covered.

The same goes for expenses. Employees typically don't need to get approval to spend money on entertainment, travel, or gifts. Instead, the guidance is simpler: act in Netflix's best interest. It sounds delightfully adult. And it is - in every regard. People who don't produce are shown the door. "Adequate performance," the company says, "gets a generous severance package."

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