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What if your employer didn't let you earn time off?

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Imagine a world where you have "unlimited vacation."

That's the term used to describe a new approach to time off at a number of companies. Instead of earning vacation and sick days, taking off is left up to your boss's discretion.

The LA Times is adopting this new policy for employees, but adds that they have to make a case "subject to their professional judgment and to the performance expectations of their supervisor that apply to their job."

However the system is a hit at places like Netflix and Motley Fool, where companies emphasize that they trust employees to get their work done regardless of how much time they have off.

Washington Post staff writer Brigid Schulte, author of, "Overwhelmed: Work, love and play when no one has the time," explains how well this policy works and what's in it for employees and employers.