A well-structured sabbatical is an expense or an investment?
The pandemic has taught us a great deal about virtual work, and at the same time, Millennials and Gen Z have prioritized purpose, flexibility, and well-being over just the pay cheque. A well-structured Company-sponsored sabbatical aligns with this mindset; it's like an announcement of assured bonus after a certain tenure in a job, and helps attract top talent to high-pressure jobs. Sabbaticals also create opportunities for emerging leaders to step up and fill temporary leadership roles. This strengthens succession planning and builds internal capability and confidence. Offering sabbaticals shows employees that the organization trusts and values them beyond output. “Can we afford to offer sabbaticals?” “Can we afford not to?”