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Some financial firms have forced paid time off (atleast 5 consecutive days) to make sure they are never fully dependent on any one employee, and to fix it if th
by davemel37 11y ago
Some financial firms have forced paid time off (atleast 5 consecutive days) to make sure they are never fully dependent on any one employee, and to fix it if they ever find themselves in that situation. (They also do it to make sure no one is covering up fraud by always working.)
- melling 11y agoIn banking aren't you required to take off 5 consecutive days so they can avoid any financial misconduct? It's hard to cover up most issues after 5 days.
- chris_wot 11y agoSomeone who never takes leave is often a person you need to monitor.
- shade23 11y agoAny reasons for you to say this? Like examples or scenarios in a start up environment?
- woah 11y agoI don't have any examples, but the person could be committing fraud in some business practice which would be discovered if someone filled in for them one day
- nradov 11y agoOne common technique is for an accountant or bookkeeper who handles accounts receivable to prematurely write off overdue customer invoices as uncollectible bad debts. Then when the customer eventually pays the crook keeps the money.
- richev 11y agoAt the bank I worked for they mandated 10 days consecutive holiday once per year...
- forgetsusername 11y agoThat's what I was thinking as I read the first half of the article, regarding the basketball team. Sure, it's all well and good that you have a team that gels and excels and is successful. But you have to be ready to adapt. People will come and go. Retire. Die. As the leader of said team, a big part is being able to fill holes over time. That's how you create a dynasty.
- mmaunder 11y agoOff topic but: It's also done for security reasons. It's difficult to hide doing something bad if you're not there all the time. (Sorry just read your parentheses. I'll leave this here anyway)
- deleted 11y ago[deleted]