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
3071 posts

Uber Geek
+1 received by user: 1551


  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



546 posts

Ultimate Geek
+1 received by user: 43


  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.

710 posts

Ultimate Geek
+1 received by user: 116


  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:



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.