what is 48 52 leave Flexible Employment Cycle also referred to as 46 48 to 52 Leave Annualised Employment Cycle and Purchased Leave allows full time and part time staff to take additional leave normally within a twelve month period while spreading a reduced salary over the 26 pay periods of the agreed cycle
Purchased leave lets you take extra leave each year by pay averaging e g a 48 52 arrangement You work 44 weeks a year You take 4 weeks normal annual leave and 4 weeks extra or purchased leave Purchased Leave To support staff with family or other commitments employers may allow staff to adopt a 46 48 50 week year for a negotiated 12 month period The salary paid to them will be 46 52 48 52 or 50 52 of their full time salary
what is 48 52 leave
what is 48 52 leave
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Purchased Leave is an agreement between the Employer and Employee to allow an Employee to use part of their annual salary to purchase additional leave The cost of the additional leave is averaged over the twelve month Purchasing Year and paid by way of a reduced fortnightly salary WHAT IS PURCHASED LEAVE Purchased leave is a voluntary arrangement where employees may purchase additional leave You may apply to enter into an agreement with the Department Head to purchase either 10 days 2 weeks or 20 days 4 weeks additional leave in a 12 month period
A purchased leave 48 52 arrangement allows you to exchange salary for up to an extra four weeks purchased leave per year You can purchase one two three or four weeks additional leave during a 12 month period in return for a lower percentage of your substantive salary Purchased leave is where employees adjust their salary to take extra weeks of leave per year For example if someone wanted an extra 4 weeks of leave per year they could adjust their salary to the 48 week equivalent paid over the full 52 weeks
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This usually manifests in the form of a 48 52 arrangement where the employee elects to be paid an amount equivalent of 80 of their salary in exchange for an extra 4 weeks of annual leave Purchased leave provides 4 weeks unpaid leave per year to help Postal workers balance their work and family and private lives A worker accessing 48 52 receives their normal base wage but with an automatic deduction for a 12 months period to cover the 4 weeks leave without pay
Link Copied The aftermath of a deadly Israeli airstrike on a United Nations run school in central Gaza on June 6 2024 Dozens of people were killed by an overnight Israeli airstrike on a United Monash is committed to providing staff with flexible leave arrangements that enable you to balance work with personal needs Applications for the following leave types should be submitted via Employee Self Service ESS Annual Leave Voluntary Reduced Working Year scheme 44 52 46 52 48 52 50 52 Leave Loading Substitution
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what is 48 52 leave - Purchased Leave is an agreement between the Employer and Employee to allow an Employee to use part of their annual salary to purchase additional leave The cost of the additional leave is averaged over the twelve month Purchasing Year and paid by way of a reduced fortnightly salary