The problem with bank holidays
by Sarah
Following on from our topical blog yesterday, we have had a few enquiries from people wanting to clarify the position with bank holidays. Everyone has read about changes to the statutory minimum holidays and there is confusion out there.
To set the record straight holiday entitlement for employee’s is governed by your contract of employment provided it meets or exceeds the statutory minimum. If an employee does not have a contract of employment, then their holiday entitlement is the same as the statutory holiday entitlement.
The current statutory holiday minimum is found in the Working Time Regulations and is 4 weeks (20 days) holiday per annum. This includes bank holidays. The Government is looking to increase this to 24 days (4.8 weeks) with effect from 1st October 2007. A further increase to 28 days (5.6 weeks) was set to take effect in October 2008 but this has been delayed to April 2009 due to concerns on the impact on the workplace.
So if you are an employer and you offer 20 days holiday plus bank holidays you will not see any change as you already offer more than the minimum. If you only offer 20 days including bank holidays then this will need to increase.
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Interesting. Thanks for sharing.
Alex said at August 20th, 2007 at 3:25 pm