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What is the key driver for companies requiring mandatory vacations for its employees?
Adequate cross-training exists between all departments of the organization.
Employee satisfaction is maintained to reduce the risk of processing errors.
Employee morale and satisfaction is maintained to help assure an effective internal control environment.
Potential irregularities in processing can be identified by temporarily replacing an employee in the job function.
Employees who perform critical and sensitive functions within an organization should be required to take some time off in order to help ensure that irregularities and fraud are detected. Cross-training is a good practice to follow, but can be achieved without the requirement for mandatory vacation. Good employee morale and high levels of employee satisfaction are worthwhile objectives, but they should not be considered a means to achieve an effective internal control system. Although high levels of employee satisfaction could contribute to fewer processing errors, this is not typically a reason to require a mandatory vacation policy.
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