And the best part? This form is completely anonymous and obtaining a calculation does not in any way require you to complete any such purchase. For example, £22150. This means you get to enjoy more time on your hands as well as tax and National Insurance savings. The University recognises that some employees may wish to increase their annual leave entitlement for personal reasons such as a special occasion or an extended overseas holiday or to take additional holiday for caring responsibilities. Managers should consider whether such a delay or adjustment is practical for the department. The University recognises that some employees may wish to increase their annual leave entitlement for personal reasons such as a special occasion or an extended overseas holiday or to take additional holiday for caring responsibilities. Employee wishes to purchase 2 weeks of additional annual leave, which is in fact 2 weeks of leave without pay spread out over the entire year, so take 2/52ths of their annual salary away to make the new base for the year of $50K, super at 9% of $4,500 and the purchased annual leave of $2,180 to keep the package at $56,680. Your employees can spread the cost of their annual leave purchase over the course of a whole year, only affecting their salary a little every month. The University is committed to providing policies and arrangements which promote and support work-life balance for its employees. Simply manually put an extra 7.6 hours on the normal leave accrual entitlement category. Annual leave purchase calculation To estimate how much it would cost you to purchase additional annual leave, please supply the information below. It really does do just what it says on the tin – your employees can purchase additional days off work straight from their salary, giving people the time off that they need, making happy, healthy employees with a great work-life balance – all whilst you save on your wage bill. This provision will not apply to staff on long term sick leave. Notice & Redundancy Calculator Entitlements for ending employment. Our Annual Leave Purchase Programme puts your employees in control of their work-life balance and encourages positive wellbeing. ie: 52 weeks – 4 weeks = 48 weeks pay spread across 52 weeks. All staff are eligible to request this regardless of length of service. All rights reserved. $(window).on("load", function() { Once a Purchased Leave arrangement has been entered into an Employee may be granted the additional week(s) leave … Managers should consider the requirements and key objectives of the role held by the staff member, and whether the additional leave may impact on the ability to deliver those requirements and objectives. Copyright University of Exeter. }, 100); What is the Purchased Leave Scheme (PLS)? Once agreed, the additional leave is treated as a temporary addition to their existing leave entitlement. PAL is for example, taking an extra 4 weeks leave but your pay is reduced over the year to compensate. There may be reasons where it is not possible to agree an employee's request to purchase additional annual leave. If you have any further questions, please contact your line manager or your HR Business Partner/Adviser.

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