COINBASE GIVES EMPLOYEES 4 WEEKS OF “RECHARGE” TIME OFF A YEAR


Chief People Officer of Coinbase L.J. Brock announced that “nearly the entire company will shut down for four weeklong breaks in 2022 to allow workers to recharge.


L.J. Brock further stated that “given the intensity of our work throughout the year, we think this is the best way to ensure our pace is sustainable for the long term.”


I think you will be seeing many more companies following Coinbase’s lead and will add this “Recharge Time” as a perk or incentive to attract talent.


The American worker is tired of the hourly and salary grind especially when the return of the grind benefits more of the people on the top than the majority of the people that are doing the day to day work that help these companies become super profitable. And for the average employee in professional, technical or related fields receive an average of 10 days paid vacation if you been on job for one year, an average of 17.8 days of paid vacation after 25 years of working. Professions such as clerical and sales employees with one year of experience receive only an average of 8.6 paid vacation days per per year.


The U.S. Federal government does not require employers to provide paid vacation, but a good number of employers do offer between 5 to 15 day of paid time off per year. But millions of Americans work without any paid vacations, holidays or paid time off. We really do need to rethink the politicians we vote into office. Do they really care about the people? We need to vote more “people-minded” politicians into office.


Chris Kolmar in an article on zippia.com entitled “Paid Time Off (PTO) Statistics 2022: Average PTO In the United States” found the following interesting statistics:


  • 10 days is the average PTO in the United States private sector, not including paid holidays and sick days.

  • 55% of Americans don’t use all of their paid time off.

  • American workers failed to use 768 million days of PTO in 2018.

  • Americans left an average of 6.5 unused PTO days in 2018 — that works out to 27.2% of PTO days that employers offered.

  • 63% of employees said they’d turn down a job offer if it didn’t include PTO.

  • 28 million Americans don’t get any paid vacation or paid holidays, as the United States is the only advanced economy in the world that does not guarantee its workers paid vacation days and paid holidays.


Crytpo is changing the financial game in every way and could be the tool people can use to get our power back.


Coinbase is a crypto exchange company and it has decided at least for 2022 that it will be giving its employees one week off each quarter. This is an interesting move by Coinbase especially in light of the “Great Resignation” that started in 2020. Many U.S. employees are tired of the unfavorable work conditions and are choosing to just quit without a definitive plan. Life does have a way of working out!


L.J. Brock stated that Coinbase “realized in 2020 that many employees weren’t taking enough time off to recharge, either because they didn’t want to force their teammates to cover for them or because they didn’t want to fall behind on their work..” He further provided that Coinbase “knew this was unsustainable, so we scheduled a recharge week at the end of 2020 and two recharge weeks in 2021, when nearly the entire company would shut down…. subsequent employee surveys made it clear: Recharge weeks work.”


I think we will we see more and more companies announce “Recharge Time” for all employees? I just hope that this recharge time comes with pay and is time in addition to vacation time.


It’s time these companies treat us human workers with appreciation and care and not like disposable robots they can overwork and underpay.


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