How does Holiday Exchange work?
You are allowing your employees to either buy or sell a number of days of their holiday allocation.
It is advisable to only allow employees to buy or sell holiday before the start of their next holiday year. This allows your business time to pre-plan in advance and (if applicable) ensure you have enough resources in place at peak trading times. For example, if your holiday year runs from the 1st January to the 31st December employees would have to submit their choices of the number of days they wished to buy or sell prior to the 1st January. You can choose to allow your employees to buy and sell from 1 – 5 days of holiday in each holiday year. If the employee leaves your business mid-holiday year they would be reimbursed for any holiday they have bought but not yet taken.