Is stockpiled Annual Leave an issue for your Organisation?

According to the latest Government figures, Australian workers have accumulated a staggering 129 million days of annual leave worth up to $40bn in wages*.

While this means a lot of overdue holidays, it can also represent a huge liability on the balance sheet for many organisations, and employers should take action and encourage employees to redeem accumulated annual leave as we approach the Christmas and Summer holiday season.

Interestingly, HC Online also report that a global study by travel website Expedia show that Australia is the fifth most holiday-deprived nation, and Australian workers are reluctant to take all of their leave due to the uncertain economic outlook and uncertainty over how their employer will react to their request. 

This is particularly important when you consider that, employees who don’t take annual leave can often demonstrate higher levels of depression or anxiety-related stress compared to those who do take their holidays. 

The “No Leave, No Life” campaign supported by Tourism Australia, provides organisations with helpful resources to tackle the issue of stockpiled annual leave. The campaign website features an employer toolkit with a series of modules and practical case studies to assist with implementing a successful annual leave program. 

Do you know how much annual leave your workers have accumulated?

An automated time and attendance management system can help you effectively manage leave and holiday planning processes by:

• Keeping a central repository of all employee leave records, tracking all leave types such as Holiday or Personal leave
• Calculating leave eligibility based on an employee’s hours worked and hire date
• Creating work schedules that take in account employees on leave, thus ensuring you have sufficient cover to meet customer or project demands and deadlines
• Generating real time absence management and holiday planning reports 

In addition, Employee Self Service functionality empowers your staff to check their own leave records and entitlements, and request/book leave online without having to converse with their supervisor or HR.

Want to find out more?

If you would like find out more about effective Leave Management and Holiday Planning contact Mitrefinch today on 1300 884 831 (+61 2 8762 7888) or email sales@mitrefinch.com.au

*Source: HC Online - No winners when it comes to untaken leave 

Also see our previous Blog Post “No Leave, No Life”