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.
My HR dept has explained our maternity leave policy as follows: Employee may take up to 8 weeks paid for maternity leave, and another 4 unpaid under FMLA for a total of 12 weeks. First, the employee must surrender all vacation and sick time for the year (not just what has been accrued) at the beginning of the leave.So for example, each year i have 2 weeks vacation time, and 2 weeks sick time...this is accrued monthly 6.67 hrs/each.HR says that i must surrender all 4 weeks at the time of leave (due in March)- those 4 weeks will be paid at 100%, and the remaining 4 weeks will be paid 80% under the STD policy.irst, the employee must surrender all vacation and sick time for the year (not just what has been accrued) at the beginning of the leave. So for example, each year i have 2 weeks vacation time, and 2 weeks sick time...this is accrued monthly 6.67 hrs/each.