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A CEO who gives his employees $2,000 to go on vacation says there are 5 reasons the policy is good business

Feb 3, 2018, 21:06 IST

SteelHouse

Since 2011, SteelHouse CEO Mark Douglas has had two policies that have transformed the way his company operates.

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Not only do employees at the marketing and advertising company get $2,000 a year to put toward any vacation of their choosing, but the entire company takes a 3-day weekend every month, which Douglas branded "SteelHouse Days."

He said the policies have been tremendous morale-boosters, but they've also helped attract elite talent and improve the company's bottom line.

Here are several reasons why the policy works so well, according to Douglas.

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