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.
Annual leave. You will also have to provide your employees with annual leave. This type of leave accrues during a year of service according to the employeeâs hours of services. For example, under Australian law, full time employees are entitled to 4 weeks worth of annual leave for every year of service.art time employees will be entitled to a different amount of annual leave per year of service. Employment agreements may change these leave entitlements but they can only grant employees more leave than is stipulated under legislation. Employment agreements cannot take away leave entitlements prescribed under law.