YOUR ACTIVITY

To unsubscribe from all chat room notifications, please first login:

[mepr-login-form use_redirect="false"]

Buying holiday leave

Buying holiday leave

Posted: 8th February 2022

Tagged: 

Viewing 8 posts - 1 through 8 (of 8 total)
  • Author
    Posts
  • #16056
    Anonymous

    Hello! Does anyone has a buying extra holiday days and if so how do you deduct payment from the employees? For example deduct over 12 months, deduct in real time? Thanks!

    #16058
    Anonymous

    Hi Kate, our employees can buy up to a week’s additional leave. They can purchase at any time in the year, but majority buy at the beginning of the holiday year and we then deduct across 12 mths salary. Happy to share anything else you may need, just let me know.

    Nicola

    #16059
    Anonymous

    Hi, yes we do and we deduct over a 12 month period the value of it.  I would suggest that you have a policy, especially if they leave mid year or join mid leave as to how you accrue – we don’t and we have to do some decent calcs when it happens…:(

    #16060
    Anonymous

    Good afternoon. We allow employees to make a selection in our benefit window of December each year. Employees can buy or sell up to 5 days (pro rata for part-timers) holiday linked to the next year’s holiday entitlement. This must be approved by their line manager (particularly in relation to buying additional holiday). In December we apply changes to holiday entitlement on our HR system if requests have been approved. If holiday is sold,  the employee is awarded the equivalent monetary value in January pay. If holiday is bought this is deducted out of salary over the next 12 months (no. of days x day rate / divided by 12).

    • This reply was modified 9 months, 3 weeks ago by .
    #16083
    Anonymous

    Great, thanks everyone!

    #16098
    Anonymous

    We allow people to buy leave at any time during the year, and agree with them how they want to repay as long as it is done before the end of the holiday year.  So someone could buy 5 extra days in December, but it would all be taken from their December pay; but if leave is bought in January, it could be spread out up to a maximum of 12 months.

    #16100
    Anonymous

    What happens if people buy holiday and then don’t use it? Do you still have a cap on how much people carry over into the next holiday year?

    #16109
    Anonymous

    In our company staff are encouraged to use their annual leave, but permitted to carry over up to 5 days if their manager approves (if a good business reason). However we would not approve the purchase of 5 additional days if the employee has not demonstrated that they use their annual leave in the previous year. Often staff purchase additional holiday for a particular extended period of leave (for a marriage or long trip overseas).

Viewing 8 posts - 1 through 8 (of 8 total)
  • You must be logged in to reply to this topic.

Your Favourites

      No Favorites

Successfully added to your favourites. View them here