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Hi Virginhopeful07,
These are based on my personal experience:
1) I heard about a week after my application was submitted that i had to attend an interview day, it can vary depending on how many applicants there is going to be.
2) I heared within half an hour of completeing my interview that I had been successful, but again it can vary up to 7-10 days.
3) On my assessment day I had to undergo various group tasks, team building exercises to see how you interacted with other ppl then a 2 to 1 interview of which they ask about ur past and what u can bring to the new role etc.
4) This is a common problem, I think it really comes dwn to you to decide wether u wud rather go on holiday than disrupt ur training or work pattern. at the end of the day, if ur successful, ur life will b one big holiday!!!!, but in answer tom ur question im sure they can work something out.
I hope this helps and best of luck
Scott