Hi,
I am currently reviewing the company annual leave policy. The management would like to revise the annual leave entitlement upwards. Currently our practice is as below:
Work less than 5 years : 14 days
Work 5 years & above : 20 days
To be revised to:
Work less than 2 years : 16 days
Work 2 years but less than 5 years : 18 days
Work 5 years & above : 22 days
In Malaysia, it is common that companies provide at least 14 days annual leave. I'd like to know what the market is like when it comes to annual leave entitlement for employees. Is 14 days still sufficient for today competitive market talent retention?
Appreciate your comments pls.
Thanks & regards,
Ashley
I am currently reviewing the company annual leave policy. The management would like to revise the annual leave entitlement upwards. Currently our practice is as below:
Work less than 5 years : 14 days
Work 5 years & above : 20 days
To be revised to:
Work less than 2 years : 16 days
Work 2 years but less than 5 years : 18 days
Work 5 years & above : 22 days
In Malaysia, it is common that companies provide at least 14 days annual leave. I'd like to know what the market is like when it comes to annual leave entitlement for employees. Is 14 days still sufficient for today competitive market talent retention?
Appreciate your comments pls.
Thanks & regards,
Ashley