What is Vacation Fund?
Vacation Fund is an employee benefit that enables workers to contribute a portion of their paycheque into a dedicated account for future travel expenses. Employers have the option to match a percentage of the employee's personal contributions, making it easier for workers to save for and take vacations. This benefit aims to facilitate employees' ability to take time off work and plan their dream trips, addressing research indicating the value of vacation time for worker well-being and productivity
Highlights
- Employer-matched contributions to employee Vacation Fund accounts
- Separate account for travel savings, distinct from regular paycheque
- Designed to make employees' desired vacations more financially viable
- Encourages workers to take time off from work
Platforms
- Web