Due to the amount of uncertainty and additional holiday carried over by many last year we let you know in November that we would be moving our usual holiday trading window to early 2021 to give you time to finish your 2020 holiday carry over arrangements.
I can now confirm that your Holiday Trading window will be open between Monday 1 and Sunday 14 March for you to buy up to five days of extra leave or sell up to two days. Please note that both of these transactions are subject to approval from your LT member.
If you request to buy additional holiday, deductions from salary will be made over nine months from 1 April to 31 December rather than the usual 12 – deductions will be larger each month but over a shorter period. Anyone who rolled over more than five days into 2021 won’t be eligible to sell any holiday.
How does the process work this year?
Once you’ve had a think about what you want to do you’ll need to have an initial chat with your line manager to discuss your application with final approval being given by your LT member. You’ll then need to:
- Apply for Holiday Trading on myHR portal – a quick reference guide can be found here
- Your LT member will be advised of your application and will need to approve this
- You will be advised if your application was successful prior to any salary exchange or sacrifice
- Your holiday balance will be updated in myHR Portal by mid-April
Your holiday trading exchange or sacrifice (dependent on whether you’ve bought or sold leave) will start in April 2021.
Find out more
You can find out the full details of your Holiday Trading benefit on The Bridge including our Salary Calculator and scheme rules. Remember to use Internet Explorer when accessing the Bridge.
**Please note that the above content applies to UK employees of Corporate Shipbuilding only**