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434 posts

Ultimate Geek
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#113863 30-Jan-2013 13:48
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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. 

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3287 posts

Uber Geek


  #753262 30-Jan-2013 13:52
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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.





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585 posts

Ultimate Geek


  #753328 30-Jan-2013 15:45
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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.

 
 
 
 


738 posts

Ultimate Geek


  #753343 30-Jan-2013 16:01
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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

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