| I actually think this isn't a bad idea... The original meaning of sabbatical was for labourers to take one whole year off after working for seven straight years. Maybe you should offer something closer to that definition? Of course, after a year off, it might be hard for the employee to mentally go back and do the same thing for another seven years, but don't forget, as a company you've done without them for 12 months, so it may not be too big a deal if they do decide to leave. Essentially, you'd be ensuring that MOST of your employees will stay with you for a seven year tenure, which is much higher than most companies would average for their employees. I'm not good at public maths but I think you'll be paying employees 14% higher than the market rate based on the 1 year paid sabbatical at the end — but don't forget, if the employee leaves after 3 or 4 years, you don't have to pay that 14%. EDIT: If I were doing this I would probably pay the extra 14% to a trust account each month, which would then be paid out as a salary during the 12 month sabbatical (so their actual salary may be slightly lower than their final year's salary, as they'll have probably received raises during their seven years of employment). The advantage to the employee of doing it his way, is they'll rest assured their salary received during their sabbatical is guaranteed, even if the company gets shut down. |