Home - Definitions - Purchased Leave

Definition

in
Purchased Leave

Purchased Leave

Purchased leave is an agreement between you and an employee to allow the employee to use part of their annual salary to purchase additional leave. The cost of the additional leave is averaged over the 12-month ‘purchasing year’ and ‘paid’ by way of a reduced weekly, fortnightly or monthly salary.

Located in these topics

Purchased leave is an agreement between you and an employee to allow the employee to use part of their annual salary to purchase additional leave. The cost of the additional leave is averaged over the 12-month ‘purchasing year’ and ‘paid’ by way of a reduced weekly, fortnightly or monthly salary.

0
In your cart

item

$0

View cart
Checkout
View Cart
Copied