Geekzone: technology news, blogs, forums
Guest
Welcome Guest.
You haven't logged in yet. If you don't have an account you can register now.




434 posts

Ultimate Geek
+1 received by user: 12
Inactive user


Topic # 113863 30-Jan-2013 13:48
Send private message

If after my employment anniversary I have 5 days outstanding holiday pay. Does that mean..

a) Any days I choose to take as holiday pay will be taken off accrued holiday pay for the current period, which is currently 0. And I will be paid the outstanding days after I resign. 

b) Any days I choose to take as holiday will be taken from outstanding amount first and then the accrued amount for the current period. 

Filter this topic showing only the reply marked as answer Create new topic
2898 posts

Uber Geek
+1 received by user: 1320


  Reply # 753262 30-Jan-2013 13:52
Send private message

B)

Typically the "outstanding amount" is called your "entitlement". You always use the leave from your entitlement balance first, then any leave you may be accruing for the current year.





Always be yourself, unless you can be Batman, then always be the Batman



522 posts

Ultimate Geek
+1 received by user: 41


  Reply # 753328 30-Jan-2013 15:45
Send private message

It would be B

I think that this is right, could be wrong.

But under the holidays act your holidays don't become official holidays as in 4 weeks until you have been working at you place of employment for 1 full year. So thus from you date of anniversary to the date you may leave before the next anniversary the amount you are entitled to is done as a percenatge of applicable earnings

so if you you left after 2 months and had not taken any holidays you would get 1 week at average rate and 8% of your earnings from the anniversary date.

 
 
 
 


Try Wrike: fast, easy, and efficient project collaboration software
709 posts

Ultimate Geek
+1 received by user: 114


  Reply # 753343 30-Jan-2013 16:01
Send private message

Neither.

The first five days come out of your remaining 20 day entitlement leaving you with a balance of no days.

 

The next days you take off are holidays in advance of your next 20 day entitlement.

 

You do not accrue holidays. Simply put, every 12 months your get four weeks off during the next year.

 

Accrual is a finance function which accrues (often wrongly) an amount to cover the holiday liability.

 

To add confusion make sure you are paid the greater of Ordinary Weekly Pay or Average Weekly Earnings. If you get overtime or bonuses the right timing of your holidays can be more financially beneficial

Filter this topic showing only the reply marked as answer Create new topic



Twitter »

Follow us to receive Twitter updates when new discussions are posted in our forums:



Follow us to receive Twitter updates when news items and blogs are posted in our frontpage:



Follow us to receive Twitter updates when tech item prices are listed in our price comparison site:





News »

TCF and Telcos Toughen Up on Scam Callers
Posted 23-Apr-2018 09:39


Amazon launches the International Shopping Experience in the Amazon Shopping App
Posted 19-Apr-2018 08:38


Spark New Zealand and TVNZ to bring coverage of Rugby World Cup 2019
Posted 16-Apr-2018 06:55


How Google can seize Microsoft Office crown
Posted 14-Apr-2018 11:08


How back office transformation drives IRD efficiency
Posted 12-Apr-2018 21:15


iPod laws in a smartphone world: will we ever get copyright right?
Posted 12-Apr-2018 21:13


Lightbox service using big data and analytics to learn more about customers
Posted 9-Apr-2018 12:11


111 mobile caller location extended to iOS
Posted 6-Apr-2018 13:50


Huawei announces the HUAWEI P20 series
Posted 29-Mar-2018 11:41


Symantec Internet Security Threat Report shows increased endpoint technology risks
Posted 26-Mar-2018 18:29


Spark switches on long-range IoT network across New Zealand
Posted 26-Mar-2018 18:22


Stuff Pix enters streaming video market
Posted 21-Mar-2018 09:18


Windows no longer Microsoft’s main focus
Posted 13-Mar-2018 07:47


Why phone makers are obsessed with cameras
Posted 11-Mar-2018 12:25


New Zealand Adopts International Open Data Charter
Posted 3-Mar-2018 12:48



Geekzone Live »

Try automatic live updates from Geekzone directly in your browser, without refreshing the page, with Geekzone Live now.



Are you subscribed to our RSS feed? You can download the latest headlines and summaries from our stories directly to your computer or smartphone by using a feed reader.

Alternatively, you can receive a daily email with Geekzone updates.