page. The selection you make here will apply to all employees. Image Modified If this option is selected, the employee will be able to see how much personal or sick leave they have. Otherwise, only their annual leave and alternative holiday (New Zealand) balances will be shown. Cash out annual leave (New Zealand) If your employee would prefer to be paid the value of their annual leave, instead of taking days off work, you can ‘cash out’ their leave. This involves paying them the value of their available annual leave (or a portion of it). To do this, just include the number of hours of annual leave they want to cash out on their pay run, in addition to their normal pay. This will decrease their leave balance, and pay them the value of the annual leave. For example, if an employee wants to cash out 20 hours of annual leave, during a week they’ve worked 40 hours, you would pay them for 40 hours at their normal rate, as well as 20 hours of annual leave. Image Modified Make a termination payment (Australia)
When an employee finishes working for you, you need to pay them the balance of the annual leave they’ve accrued but not yet used. This is sometimes referred to as a ‘termination payment’. You don’t need to pay them for unused personal leave. To make a termination payment, just do a pay run for the employee being terminated. Make sure the number of hours worked is zero, and enter their available annual leave balance (shown next to |