What is the Holiday Buying Scheme**?**

The holiday buying scheme allows employees to buy extra leave days through salary sacrifice, providing a cost-effective benefit. Employers set limits on the number of days purchasable, giving employees the flexibility to extend their time off when needed. This initiative offers a valuable perk, enhancing work-life balance for employees.

How does it work?

Employers define eligibility criteria and set limits on the number of holiday days employees can purchase. Using the Tendr app, employees request a specific number of days, typically calculated based on their prorated day rate. Once approved by an HR admin, the corresponding amount is deducted from their annual gross salary, usually spread over a 12-month period. The additional days are then seamlessly added to their leave balance through the standard holiday booking system.

What are the savings?

The holiday buying scheme benefits from employee Tax and NI savings as well as employer NI savings.

Why should I offer the Holiday Buying Scheme benefit to my employees?

The holiday buying scheme offers employees essential benefits, including flexibility, enhanced well-being, and a sense of value within the workplace. Addressing the concerning rise in burnout among UK workers, which surged by 48% between 2021 and 2022, this scheme enables employees to buy additional leave, easing the strain and encouraging them to take regular breaks throughout the year instead of lengthy periods in one go during standard annual leave. This initiative promotes a healthier work-life balance and contributes to overall employee well-being.

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