City broker FinnCap will offer unlimited paid time off to help boost employee satisfaction and avoid overwork.
FinnCap has set out the plan for its 155 employees to try to improve to working conditions and avoid workers feeling ‘overworked’.
As Bloomberg first reported, this has been designed to appreciate heightened demands from clients because of capital markets, which drop up revenues by 55 per cent to £31.7m for the broker.
It has also subsequently hired new staff to deal with this surge.
Sam Smith, the chief executive, said: “Burnout is not resolved by a quick two-week holiday . . . It is resolved by properly changing the way you work.”
FinnCap offers advice to clients about fundraisings, public and private mergers and acquisitions and raising debt. It acts as a nominated adviser, or nomad, for clients quoted on Aim, the junior stock market, with a focus on the technology, life sciences, consumer and business services sectors.
From January, staff will need to take at least four weeks off a year, including a few days each quarter.
This time off is about being able to properly ‘relax’, and FinnCap has set out a list of activities that do not fall within this, including appointments.