annual leave loading

Annual leave loading is an extra payment given to certain employees when they take their yearly holiday. Whether an employee gets this benefit depends on their specific work agreement or award.

Annual leave loading is an additional financial benefit that some employees receive on top of their regular pay during their annual leave. This extra payment is meant to compensate for the absence of overtime or other special allowances that an employee might usually earn. The eligibility for this benefit and the amount of the loading vary depending on the employee's award or employment agreement. It's a way to ensure employees are not financially disadvantaged during their holiday period.

Blue icon lightbulb

Explore more terms

Whether you're looking for definitions of other related terms or just browsing, our full list offers a wealth of information at your fingertips.

Back to Glossary