Sabbatical. You have heard the word before. It's often associated with the teaching profession. What does it mean? Should you offer it as an option, an employee benefit?
What is a sabbatical? Is it a form of vacation? There are plenty of variables when it comes to providing an answer. It is time off from work. It might be a form of paid leave, but it might not be paid. The time period can vary. It might be four weeks or as long as a year. The purpose of this type of break is to allow the employee to work on a project or undergo an activity they would not be able to do while fulfilling the requirements of their full-time job. Sabbaticals are often associated with academia, so examples of the reasons might be to write a book, complete a research project, work on an archeological site or study towards an advanced degree.
Who offers sabbaticals as an employee benefit? Quite a few companies offer paid or partially paid sabbaticals. Some recognizable names include AARP, Adobe, Bank of America, Biogen, Blue Cross/Blue Shield. Charles Schwab, General Mills, Intel, McDonalds, Microsoft, Nike, Paypal, Padagonia, Price-Waterhouse, Purina and Zillow, and plenty more.
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Bryce Sanders
Bryce Sanders, president of Perceptive Business Solutions Inc., has provided training for the financial services industry on high-net-worth client acquisition since 2001. He trains financial professionals on how to identify prospects within the wealthiest 2%-5% of their market, where to meet and socialize with them, how to talk with wealthy people and develop personal relationships, and how to transform wealthy friends into clients. Bryce spent 14 years with a major financial services firm as a successful financial advisor, two years as a district sales manager and four years as a home office manager. He developed personal relationships within the HNW community through his past involvement as a Trustee of the James A. Michener Art Museum, Board of Associates for the Bucks County Chapter of the Fox Chase Cancer Center, Board of Trustees for Stevens Institute of Technology and as a church lector. Bryce has been published in American City Business Journals, Barrons, InsuranceNewsNet, BenefitsPro, The Register, MDRT Round the Table, MDRT Blog, accountingweb.com, Advisorpedia and Horsesmouth.com. In Canada, his articles have appeared in Wealth Professional. He is the author of the book “Captivating the Wealthy Investor.”
