Buying and selling holidays

Hi, currently looking at the pro's and cons of offering/adapting a buy and sell holiday procedure. What are your thoughts? Have you got any previous experiences that you can share? Is anyone willing to share their current policy?

Parents
  • Staff are allowed to sell holidays at the standard rate up to a maximum of 5 days although we have allowed more in exceptional circumstances. Staff can't buy holidays but are allowed to take a maximum of 10 days from next years entitlement. If a member of staff leaves with a negative holiday balance it is deducted from their final pay.
Reply
  • Staff are allowed to sell holidays at the standard rate up to a maximum of 5 days although we have allowed more in exceptional circumstances. Staff can't buy holidays but are allowed to take a maximum of 10 days from next years entitlement. If a member of staff leaves with a negative holiday balance it is deducted from their final pay.
Children
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