I'm interning at a trading company which has this policy. It seems to work well. Most traders want to be at work and trading when the time is right so they can make money. It's fairly slow over the summer, so lots of Fridays/Mondays are being taken off right now. Also, everybody is in teams so they have to coordinate it so that at least one member is always around.
From a business owner standpoint, as long as its self-policing it seems like a good way to keep people happy. From an employee standpoint I would believe it to be to truly unlimited in this type of situation. If there aren't teams or the profit you generate for the company isn't bunched into short periods of time, I would be leery to just take off for a month + while everybody else is still working. I think it would result in less vacation being taken since nobody would want to look lazy like provoost touched on.
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I'm interning at a trading company which has this policy. It seems to work well. Most traders want to be at work and trading when the time is right so they can make money. It's fairly slow over the summer, so lots of Fridays/Mondays are being taken off right now. Also, everybody is in teams so they have to coordinate it so that at least one member is always around.
From a business owner standpoint, as long as its self-policing it seems like a good way to keep people happy. From an employee standpoint I would believe it to be to truly unlimited in this type of situation. If there aren't teams or the profit you generate for the company isn't bunched into short periods of time, I would be leery to just take off for a month + while everybody else is still working. I think it would result in less vacation being taken since nobody would want to look lazy like provoost touched on.