Nearly half of U.S. workers forgo dream vacations, creating more than 700 million unused PTO days and over $65 billion in unused benefits. Some companies profit from a culture that values time in the office, but that trend can harm businesses. Bill Cassidy, CEO of Lactalis U.S. Yogurt, promotes a "work to live" philosophy and encourages employees to take their dream vacations. Time away from work allows leaders and employees to disconnect, recharge, and return with more energy to drive the business. Cassidy rejects tech-driven hustle culture and emphasizes balance rather than constant work.
As the leader behind $750-million-a-year cooler-aisle names like Yoplait, Go-Gurt, and Siggi's, Cassidy promotes a philosophy that runs counter to high-profile billionaires like Jensen Huang and Elon Musk, who proudly embrace 24/7 work. Cassidy's alternate stance is simple: "I work to live." "Work is an enabler to do all the other stuff that we want to accomplish in our lives," he tells Fortune.
Each year, nearly half of U.S. workers forgo their dream vacation-like a trip to Paris or Hawaii-and instead log more hours in the office. The result: more than 700 million unused paid time off (PTO) days, according to a 2019 study. For some employers, this culture of loving time in the office is good news for the bottom line, thanks to more than $65 billion-worth of benefits going unused.
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