- Cashing out annual leave;
- Taking leave in advance;
- Managing excessive leave, and;
- When to pay annual leave.
If you are a business owner, small, large, or in between, annual leave can be a major liability. If you do not manage it properly, it can become a problem. When wage rates go up every year, so does your annual leave liability. It makes good business sense to manage it. The recent Fair Work decision enabled employees covered by 122 Awards to cash out their annual leave – a great result for business owners. Previously, only employees covered under an enterprise agreement were able to.The decision has taken effect from 29 July 2016. The four main points of change are