
The vacation policy at NVIDIA was revised a few years back to a employer-manager discretionary plan. Employees accrue no specific paid-time-off or sick-days, they simply "work it out" with their manager on an as-needed basis. For employees that have exemplary managers and the personal wherewithal to take their fare share of time-off, this is a great system. However, if a manager has poor team time-management skills, or if an employee doesn't plan carefully around product release schedules, the system can cause stress and tension within teams.
I have seen employees take vacation often, but the rest 90% are struggling to serve coming work so company benefits end of year because they lose all not taken time-off days.
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