Would you surprise your employees with a week off?
In response to increasing burnout rates, Bumble CEO, and the world’s youngest self-made billionaire acknowledges this by offering all 700 of her employees a fully paid week off from 21st June.
Whitney Wolfe Herd, the founder and CEO of bumble was quick to smell the burnout in her employee’s and shut down the whole office for 5 days plus paid leave. The week off was extended to employees at the company’s partner app, Badoo.
Employee burnout is a reality employers cannot afford to ignore and according to a study conducted by Indeed, 67% of all workers believe burnout has worsened during the pandemic.
Working from home is nice middle ground others find it challenging to separate the two environments. For example, 37% of employees working remotely are reportedly feeling the effects of burnout more compared to those going to the office. However, the results of the company considerations are being reflected in their revenue when Bumble’s revenue increased to $171m (£123m) in the first quarter of 2021.
Bumble is not the first and only company to recognise this, the professional platform LinkedIn hit headlines in April 2021 for granting 15, 900 of its full-time staff a fully paid week off. Meanwhile, tech giant Apple will pursue a hybrid work-from-home strategy and Twitter’s CEO Jack Dorsey initially claims that employees could work from home “forever”.
Fingers crossed this is a ripple effect that will be taken up by an increased number of businesses in a future that is better adapted to the ‘new normal’ post-pandemic. Increasing our overall happiness and improving the worth ethic across the nation.
