Is it Law to take 2 consecutive Weeks Holiday

R

Ryaner

Guest
Hey

Ok working for large financial institution and want to check on holidays

We where told we need to take 2 consecutive weeks holidays a year as its a regulation laid down by Central Bank. This is so any mistakes, cover ups laundering etc can be picked up

Is there a such a regulation ?

Cheers
 
Not sure if its law, but its standard procedure in financial services, both here and in UK - has been in the UK since the bould Nick Leeson did his stuff.

Surely your employer can decide when and how you take your holidays?
 
it's just good sense anyway - you need two weeks to properly unwind and forget about work anyway. No-one regrets not spending more time in the office on their death bed!
 
My understanding of the legislation is this:

An employee can insist in getting at least two weeks annual leave per year in an unbroken block.

An employer can dictate when the employee takes leave.

If the employer and the employee mutually agree then the employee can take single days at a time.

If it is industry standard procedure that 2 or 3 weeks are taken then the employer can insist on this.

Some employments have an annual summer shutdown in which the Employer insists that the employees take annual leave.
 
If the 2 consecutive weeks clause is part of your employment contract, your stuck with it. Unless of course your employer is willing to negotiate and agree an amendment.

If no contract exists then
Statutory legislation dictates that holidays are granted "with the permission of the employer". Disputes on statutory legislation can be referred for arbitration (like that's going to really help your promotional prospects).
Practice and precedence in the workplace and family resposibilities can be see as considerations in reaching a resolution.
 
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