Well that is an excellent policy then - the guy in the street would get that after 13 years
Virgin just give 2 weeks per year (stat mins ?) then caps at 16 weeks when you have done 9 years
Why did they ever agree to that ?
My understanding is that two weeks per year is mins , 4 weeks per year is exceptionally good (QF guys get) & six weeks per year is hollywood stuff
- has occurred but very rarely
LSL is a liability on the balance sheet , it gets paid out pro-rata on departure. Many other types of leave in the contract , so I don't think it is just as simple to
look at annual leave. The various leave accruals also attract superannuation payments , by the time everything is added likely north of 80 days pa to keep someone stood down
real cost of employing someone - take their wage & add 30 % , everyone has their hand in your pocket - state/fed govt taxes/charges , does the company have to pay super on top of the JK payments ?