What is holiday carryover?

Holiday carryovers are time off earned by a Team Member which has yet to be taken and can be carried over into their following vacation calendar year. The vacation calendar is the period in which Team Members must use their entitled vacation days before it resets. This is typically a 12 month period. It is not always Jan 1- Dec 31. For example, in France it is June 1- May 31. There are also countries where the vacation calendar year is based on the hire date.

 

The Oyster platform automatically calculates and applies carryover from unused days from one vacation calendar year to the next. Carryover calculations are based off of country specific requirements.  

 

What does carryover mean? 

  • Carryover leave is also sometimes referred to as carry forward.
  • Vacation and holiday carryover refer to the same thing.
  • Carrying over leaves means that Team Members have the option to retain the annual leave they haven't taken during the current year, by adding this to their allowance for the following year. 

 

Important information

  • In several cases, holiday carryover is not allowed, and all leave must be taken in the calendar year or lost
  • Some countries have rules about not allowing carry over and if unused the days should either be paid for or lost.
  • Some countries have rules around the statutory minimum number of days that must be taken in one calendar year to ensure employees are getting their appropriate rest breaks. 
  • Some countries set an expiration date as to when the carryover days need to be used by, otherwise they are lost.
  • In the United States carryover functions slightly differently. Team members accrue their vacation days monthly until they reach their maximum accrual cap. This is 1.5 times their annual vacation entitlement. Vacation accrued but not used may be carried forward from year to year, subject to the accrual cap.

To find out about the specific country requirements, consider visiting our Country Employment Guides.

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