The Pros of Unlimited Leave
Let’s take a look at why offering unlimited leave is a worthwhile perk that can help you attract top talent to your business.Â
1. Reduce leave liabilities
In Australia, employees are entitled to 4 weeks of paid annual leave. If some of this leave is not used, then that remainder can be carried over into the next year. When an employee leaves your business, you would also be required to pay out any unused leave, which means leave is a liability for your business.Â
Unlimited annual leave can help reduce this liability since employees would not have to worry about saving or accruing leave. Thus, they would be more inclined to use their entitled leave freely, helping your business reduce its leave liability.Â
2. Attracting And Retaining Top Talent
Unlimited annual leave is a perk that can help attract the best talent to your business because it gives employees the flexibility to take leave when it suits their needs without having to worry about how much leave they have left.Â
3. Work-Life Balance
With employees having the option to take leave when they need it, it gives them the flexibility needed to fit in family or other personal commitments around their schedules.