One in 100 American companies now offer their workers unlimited paid vacations, a counterintuitive strategy that HR experts say can boost employee loyalty without significantly impacting the bottom line. Traditional holiday allotments are a "relic of the industrial age," says Netflix vice president Steve Swasey, and workers who are happy in their jobs don't tend to abuse the system. "We have people who never take a vacation for three years and then take a 90-day trip someplace," Swasey says. "But they've earned it."

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