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As Big Tech showers employees with perks to win the talent war, Nvidia built a nearly $5 trillion company by making people pay for their own lunch

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The Supreme Court's birthright citizenship ruling hands the U.S. economy a $7.7 trillion win
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Billionaire Richard Branson gives his staff unlimited vacation

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September 26, 2014, 7:47 AM ET
Virgin America Joins Ranks Of U.S. Low-Fare Airlines
SAN FRANCISCO - AUGUST 08: Virgin Group chairman Sir Richard Branson speaks to a crowd after he arrived at San Francisco International Airport on Virgin America's first flight from New York August 8, 2007 in San Francisco, California. San Francisco based Virgin America launched its low-cost airfare that offers flights between New York, Los Angeles and San Francisco. (Photo by Justin Sullivan/Getty Images)Photo by Justin Sullivan—Getty Images
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This post is in partnership with Time. The article below was originally published at Time.com.

By Sam Frizell, TIME

Richard Branson, the chairman and founder of Virgin Group, said on his website Tuesday that he’s giving his whole personal staff unlimited vacation days.

Branson’s staff of almost 200 can “take off whenever they want for as long as they want,” the executive said on his website, adding that employees don’t need to ask for approval, nor are their managers requested to keep track of their days away from work.

Employees can take however much time off from work they choose, “the assumption being that they are only going to do it when they feel a hundred per cent comfortable that they and their team are up to date on every project and that their absence will not in any way damage the business,” Branson said.

The flexible hours employees were working both in the office and at home already make it hard to track how many hours they’re working anyway, Branson said.

The Financial Times reported that the new rules apply to around 170 staff at the Virgin head offices in the U.K. and U.S., whereas the 50,000 employees of the larger Virgin Group won’t enjoy the same policy — though Branson said in his note if it’s successful, he’ll encourage Virgin’s subsidiaries to adopt the policy as well.

Branson said he was inspired by Netflix (NFLX), the video-streaming service, which has a similar policy.

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