3.26 DRAFT Purchase Leave PolicyTOBEADOPTED
What is the Purchased Leave Scheme (PLS)? The PLS is a core element of the Public Sector Unions Wages Agreement (PSUWA) 2012. It enables an employee to purchase nine days of additional leave per year and receive 10 days leave, which represents a salary reduction of 3.45 per cent. 2. What is the purpose of the PLS? The PLS is designed to provide greater flexibility for employees to take... The Purchase Leave arrangement allows Participants to defer an entitlement to salary in return for up to 4 additional weeks paid annual leave per annum. 17. This arrangement runs over the calendar year ending 31 December.
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Where employees are paid by electronic funds transfer, the requirement to pay employees annual leave upfront will be removed and paid in the usual pay cycle while the employee is taking annual leave.... It is important to point this out to employees, and set out in detail how their remuneration will be affected by taking up a purchased leave option. It is prudent to advise employees to consider carefully all the financial implications of purchased leave and seek independent financial advice before applying for it.
AU Payroll Annual Leave for Part-Time Employees
Purchased leave is to be taken at agreed and specified dates as set out in the Purchased Leave Agreement. Staff members will have their annual gross salary reduced in exchange for the purchased leave.... Purchased leave is to be taken at agreed and specified dates as set out in the Purchased Leave Agreement. Staff members will have their annual gross salary reduced in exchange for the purchased leave.
Leave and Absence Management Oracle Help Center
Up to 12 weeks additional leave each year We offer 12 weeks of flexible lifestyle leave giving employees the option to take up to 12 weeks' paid leave each year, through Westpac Group’s purchased leave program, or 12 weeks' unpaid leave each year.... In this way, the new employee effectively earns no vacation during the first 2 months of employment, and 1 day of vacation for each full month thereafter, up to a maximum of 10 days in the first year.
How To Set Up Additional Purchased Annual Leave For Employees
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How To Set Up Additional Purchased Annual Leave For Employees
2.1.2 Employees seeking additional leave Professional staff employees may apply for additional leave during a year with a commensurate reduction in salary which will be equalised over the whole year. The employee's salary will be reduced by 1/52 of the gross annual salary for each week of additional leave.
- Where employees are paid by electronic funds transfer, the requirement to pay employees annual leave upfront will be removed and paid in the usual pay cycle while the employee is taking annual leave.
- These templates can be used to set up records for wages and time, and annual holidays, sick leave and other leave for each employee: wages and time record [PDF, 106 KB] leave …
- Purchased leave is a scheme which provides the flexibility for employees enables you to fund an additional period of leave (up to a maximum of eight weeks per …
- In this way, the new employee effectively earns no vacation during the first 2 months of employment, and 1 day of vacation for each full month thereafter, up to a maximum of 10 days in the first year.
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