Hello, does anyone please have any example take-up rates for holiday buy in their organisations? We are a manufacturing company working shifts, so would only apply to office based staff. Our Finance team have requested implementation but there seems to be little information out there on take up rates. Any help appreciated! Thank you
I can give you rough stats for last 2 holiday years to give idea of employee % take up as below.
2023/24 – 21%
2024/25 – 25%
There are some nuances of our benefit which may not be common to wider market. By no means an exception on some of these just not the norm.
• We allow up to 10 days/2 weeks to be purchased (norm being 5 days/1 week)
• We operate benefit on anytime basis but once you are in you are locked for remainder of that holiday year with no changes permitted
• We don’t do holiday sell
• We recalculate benefit cost on any salary change
It is our most popular benefit, take up is 32% buy and 3% sell
Thanks so much everyone :)
Hi, we offer holiday buy and in the last annual benefits window, around 18% of our employees selected this benefit, and purchased an additional 1-5 days of annual leave. We no longer offer holiday sell.