Leave Sharing Scheme
Employers encourage workers to contribute some of their accumulated earned leave time to other employees who have already taken all of theirs but require extra hours or days to cover an emergency under a leave donation or leave share scheme.
The donated leave is put into a left bank in this sort of scheme. When another worker is out of paid vacation days but still has time off, he or she may seek or officially apply to use any of the donated leave time. Employers decide ahead of time what requirements an individual must meet to be eligible for any of this time off, and they apply that criteria to each candidate.
Benefits of Leave Sharing Scheme
Having such a scheme has its own set of advantages. Not only does it foster goodwill among peers, but it also helps to minimize turnover by identifying opportunities to retain staff on the track that have run out of leave due to adversity. This is achievable without the overall amount of staff absenteeism is taken at the expense of the corporation. To sum up, this may increase morale, especially when the leave is required due to medical or any other emergency.