Emap has temporarily reduced the amount of holiday that employees can sell, as a result of a change to the structure of its holiday and benefits year.
Taking effect from January 2008, the holiday year will run as a calendar year rather than from July to June. Staff can usually buy and sell up to five day’s holiday over the 12-month period, but during the interim six month period before the new benefits year begins in January 2008, they will be restricted to selling only two days.
Stewart Grant, group benefits manager, said that the media firm does not want to be caught out by staff taking less than 20 days pro rata holidays over the year. Staff can still opt to buy five days over the next six months. He added that managing holidays on a calendar year basis, rather than the financial year was easier, given the fact that the business winds down over the Christmas period and operates on a skeleton staff.
Information about the change has been communicated to staff via HR managers. Blanket letters and emails explaining that employees are restricted to selling two days’ leave over the next six months, meanwhile, have been specifically targeted at the 135 employees who opted to sell five days of holiday in the 2006/7 benefits year.