The yield-to-maturity (YTM) of a bond is another way of considering a bondâs price. YTM is the total return anticipated on a bond if the bond is held until the end of its lifetime. Yield to maturity is considered a long-term bond yield, but is expressed as an annual rate.
Getting paid instead of taking holidays. The only time someone can get paid in place of taking statutory leave (known as âpayment in lieuâ) is when they leave their job. Employers must pay for untaken statutory leave (even if the worker is dismissed for gross misconduct). If an employer offers more than 5.6 weeksâ annual leave, they can agree separate arrangements for the extra leave.
During your employeesâ annual leave, you as the employer must pay your employees the same amount of wages you would have paid each of them during the normal working period. If you wish to provide more vacation time than the required time set forth above, you will need to specify that additional vacation time in writing, typically in your companyâs rules and regulations.