Re: Annual Leave Buy Back
Is the company allow to buy back annual leave from their employees? If yes, how to calculate & determine the rate on buy back? Can company buy back & pay only 50% of the rate per day?
If the employee is covered by the EA, payment for annual leave should salary/26 per day. If not covered, it is up to the parties to agree. But surely, the employee will not agree to accept 50%..
(Feel free to share your experiences)
Best to get official advice, call now!