Annual Leave Entitlement and Booking
Annual Leave Entitlement and Booking
Global Bank is committed to supporting employee wellbeing by providing generous annual leave entitlements. All employees are encouraged to take their full leave allocation each year. This article outlines entitlements, booking procedures, and key policies.
Annual Leave Entitlements
| Employee Grade | Annual Entitlement | Additional Long-Service Days |
|---|---|---|
| Analyst (Grades 1–2) | 25 days | +1 day after 5 years |
| Associate (Grades 3–4) | 27 days | +1 day after 5 years |
| Vice President (Grades 5–6) | 28 days | +2 days after 10 years |
| Director (Grade 7) | 30 days | +2 days after 10 years |
| Managing Director and above (Grades 8+) | 30 days | +3 days after 10 years |
Entitlements are based on a full calendar year (1 January to 31 December). For employees who join or leave part-way through the year, leave is calculated on a pro-rata basis.
How to Book Annual Leave
- Log in to Workday at workday.globalbank.com.
- Navigate to Time Off > Request Time Off.
- Select the dates and leave type ("Annual Leave").
- Add a comment if required (e.g., noting coverage arrangements).
- Submit the request. Your line manager will receive an automated notification for approval.
Requests should be submitted at least 10 business days in advance for periods of 5 or more consecutive days, and at least 3 business days in advance for shorter absences. Line managers should respond to leave requests within 3 business days.
Approval and Conflicts
Line managers are responsible for ensuring adequate team coverage before approving leave. During peak business periods (e.g., year-end close, regulatory reporting deadlines), leave may be restricted. Line managers should communicate any blackout periods to their teams at the start of each quarter.
Where two or more team members request overlapping leave, priority is generally given on a first-come, first-served basis. However, line managers retain discretion to manage team coverage effectively.
Carry-Over Policy
- Employees may carry over a maximum of 5 days of unused annual leave into the following calendar year.
- Carried-over days must be used by 31 March of the following year, after which they expire.
- In exceptional circumstances, line managers may request an extension of the carry-over deadline by submitting a case to HR Services. Approval is at the discretion of the HR Director.
Buying and Selling Leave
Global Bank offers a flexible leave purchase scheme:
- Buy leave: Employees may purchase up to 5 additional days per year. The cost is deducted from gross salary over 12 monthly instalments.
- Sell leave: Employees may sell up to 3 days of their entitlement per year, paid at their daily rate in the following month's payroll.
The buy/sell window opens annually in November for the following calendar year. Elections are made through Workday under Benefits > Flexible Leave Scheme.
Cancellation
Approved leave can be cancelled through Workday up to 2 business days before the start of the leave period. For cancellations within 2 business days, employees should contact their line manager directly.
For questions about annual leave, contact HR Services at hr.services@globalbank.com or extension 4400.