Great news, you can now officially submit your request to buy up to five days of extra leave or sell up to two days.
You have until Monday 14 March 2022 to do this although we recommend doing as soon as possible so you have the opportunity to ask any questions and ensure you have processed the request correctly.
How does the scheme work this year?
If you request to buy additional holiday, deductions from your 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 2022 won’t be eligible to sell any holiday. All requests are subject to approval from your line manager and Director/VP.
What’s the process if I want to apply?
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 as well as any carry over holiday and TOIL you have left to take before the end of the year. You’ll then need to:
- Apply for Holiday Trading on myHR portal – here’s the support guide. Your line manager and Director/VP will be advised of your application and they will be notified once the window closes to approve this.
- You will be advised if your application was successful by 31 March 2022 before any salary exchange or sacrifice.
- Your holiday balance will be updated on myHR portal by mid-April.
Your holiday trading exchange or sacrifice (depending on whether you’ve bought or sold leave) will start in April 2022. Please take a look at the scheme rules if you’re part-time.
For full details of the Holiday Trading scheme access The Bridge where you’ll find a salary calculator and scheme rules.
If you have any trouble submitting your holiday trading application, please contact