Are you taking the 20% now, risking the 100% later?

[turbotoaster]

With alot of us being on furlough im guessing alot of companies are offering for you to use your holiday allocation at the usual 100% pay.

Some ive read are asking you to take it, others are offering.

My thoughts behind it is that you purely have to think about how safe your job is and whether you think your sector will recover enough for you to be needed or that the company cant work without you.

Im sure alot of us are sat at home realising that potentially your company can continue on without you.

So with that in mind you can take your allocation now and recieve the 20% now....but when the full support ends and your company decides to make redundancies you have lost all those days at 100% pay which will be paid to you when you leave, im sure some of us have 5 weeks of holiday not taken which is alot of money and maybe critical when its very hard to find work.

Been thinking about this for a few days but never seen anyone really talk about it

[edc]

If your holiday runs from April you don't have 5 weeks to take. Or, you may be able to take 5 weeks but if you were let go in June you will be paying most of that back.

[turbotoaster]

edc said:

If your holiday runs from April you don't have 5 weeks to take. Or, you may be able to take 5 weeks but if you were let go in June you will be paying most of that back.

our holidays are from the start of the year, so if the furlough funds run out the end of october I will have most of my holidays assuming there is the 45 day redundancy period after.

Which maybe the same for others hence the question

[Welshbeef]

If the company isn’t topping you up so you receive 80% if less than £37.5k then provided the exit happened in the same financial year £ wise it will make no difference rather the timing of when you get it.