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StressFinancial servicesLatest NewsMental healthHolidays and holiday pay

Stockbroker to allow unlimited holiday to stop burnout

by Jo Faragher 19 Nov 2021
by Jo Faragher 19 Nov 2021 The broker will require staff to take a minimum of four weeks annually and two to three days per quarter
Shutterstock
The broker will require staff to take a minimum of four weeks annually and two to three days per quarter
Shutterstock

Staff at stockbroking firm FinnCap will be able to take unlimited holiday from next year in a bid to prevent them burning out.

The company will change its leave policy to offer employees as much paid holiday as they would like, with a requirement to take at least four weeks a year and two-to-three days a quarter.

Sam Smith, chief executive officer, told financial news outlet Bloomberg that “there’s not a maximum, there’s a minimum you must take. The rest is up to you.”

The company has even drawn up a list of activities that employees should not feel they must take holiday for, including vet visits and calling in a plumber.

The London-based broker employs 155 staff and had to recruit 30 employees this year to cope with increased workload.

Virgin Management and Netflix were among brands that announced “unlimited holiday” policies in 2014, but critics were quick to point out that if employees felt stressed about workloads, they would still struggle to take time off.

Annual leave

Holiday policy 

Policy on buying and selling holiday 

More recently, companies including Bumble and Nike said they would give employees an extra week of paid leave to de-stress after the challenges of the pandemic.

However, wellbeing experts again warned that this could have the opposite effect of increasing stress for employees who felt unable to manage their workload with an extra week off.

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Smith acknowledged this, telling Bloomberg: “Burnout is not resolved by a quick two-week holiday,” Smith said. “It is resolved by properly changing the way you work.”

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Jo Faragher

Jo Faragher has been an employment and business journalist for 20 years. She regularly contributes to Personnel Today and writes features for a number of national business and membership magazines. Jo is also the author of 'Good Work, Great Technology', published in 2022 by Clink Street Publishing, charting the relationship between effective workplace technology and productive and happy employees. She won the Willis Towers Watson HR journalist of the year award in 2015 and has been highly commended twice.

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