Hello all, I am currently researching holiday purchase schemes and wanted to get some insight as to how people currently manage them in their organisations. Do you ask employees to pay for any leave they purchase up front or over a set period? What do you value a days leave at (1/260th is my inclination)? How do you handle part time employees that work varied hours purchasing holiday - e.g. what rate do you charge them?
Any insight would be really useful.
Thanks in advance!
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Replies
Hi Benjamin
It is a while since I managed one of these, but this scheme here looked similar to the ones I have used prevoiusly
https://www.whatdotheyknow.com/request/330650/response/816656/attac...
You may also wish to look at the latest guidance on salary sacrifice schemes, as I understand these have recently changes wiht respect to holidat buyback.
I hope this helps!
Regards
Sarah