What is an annual leave anniversary?
Annual Leave Anniversary (definition)
Every employee has a date that acts as their next upcoming leave anniversary. For new employees, this will be twelve months after their employment start date. Prior to this anniversary, the employee will have no annual leave due. However, most employers will allow them to take leave in advance before they hit the twelve-month mark.
Once an employee celebrates their first anniversary, they become entitled to four weeks of annual leave. How much they get paid for this leave depends on their work pattern. An employee’s anniversary date can be extended if they have taken any unpaid leave, but this must be clearly addressed in the employee agreement. Every year when they cross their employment anniversary, more annual leave will accumulate in the payroll system.
Related Definitions
Related Resources
Find a payroll expert or get started today
14 Days Free · First Pay Walkthrough · No Credit Card Required