WeWork, the global provider of co-working spaces, has offered an extended 10-day Diwali leave for all its employees in India.
The company emphasized that the extended holiday break will help employees take a break from work and spend quality time with family on Diwali.
According to Priti Shetty, Head of People and Culture Officer at WeWork India, the move is meant to give employees time to relax and re-energize, Business Today reported.
She said the company had exceeded internal standards, and that the 10-day vacation was “a gesture of gratitude for the entrepreneurship of every WeWork employee.” She added that they decided to make the holiday an “annual rite.”
The New York-based office space provider also gave a 10-day break this holiday season last year. She said the break was to give some time off to the staff and help them celebrate Diwali with their families.
Last month, e-commerce platform Meesho took a similar step by announcing a company-wide “reset and recharge break” of 11 days to its employees while highlighting the importance of mental health.
Sanjeev Barnwall, founder and CTO of Meesho, wrote in a tweet that the company is offering a break for the second year in a row to help its employees maintain work-life balance and enjoy the festive season.
“Meeshoites will take some much-needed time to reset and recharge from October 22 to November,” he wrote.
A mental health survey by Deloitte revealed that poor mental health of employees costs Indian companies about $14 billion annually due to absenteeism, reduced productivity, and attrition.
In a survey titled ‘Mental Health and Wellbeing in the Workplace’, Deloitte Touche Tohmatsu India LLP (DTTILLP) analyzed the current state of mental wellbeing among Indian employees.
It was found that 47 percent of people surveyed believed that workplace-related stress was the biggest factor affecting their mental health.