Corcoran Expositions’ Revolutionary Vacation Policy

This company wants its long-term employees to take paid leave -- for three full months.

Your inclination is probably to keep your veteran employees close, but Corcoran Expositions takes the opposite approach. It sends them away. Any employee who reaches 10 years with the Chicago-based company gets three months off, paid, with no questions asked.

“There’s just all kinds of really good things that come from it,” owner Tom Corcoran said. “If you think about clients, a long-term client relationship starts with long-term employee relationships…. It makes for a better show.”

Corcoran, which has 35 employees, has offered the benefit for about 10 years now; so far, 12 employees have taken advantage of it. One of them took a motorcycle ride across the United States; another stayed home with a new baby “and thought it was the greatest thing,” Corcoran said. “Lots and lots of family time, which is really important.”

He added: “A little R&R never hurt anyone. And it helps everybody feel really good about Corcoran, and that’s important, especially for a small business.

Christopher Durso

Christopher Durso is executive editor of Convene.

  • Mark Juber

    This is a policy that in much needed in all jobs! Because when you do get “parole” from your job You spend all your savings and have to worry about paying the bills that keep going while your away! Most jobs basically make you start over with a waiting week so it’s 2 weeks to a month before you get a paycheck!
    Is the 3 weeks vacation worth the month of regret and anxieties afterwards? Why do you think most people cash in their vacation time and keep working?