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A new survey reveals that, given the opportunity, a fifth of employees would ‘sell' back some of their holiday entitlement. On average, these employees would be prepared to forgo seven days of their annual leave in return for a higher salary.

The survey also found that another 20% of employees would like to ‘buy' on average 11 extra days' holiday by taking a pay cut. Just over a fifth (21%) of those wanting more holiday said they would like to ‘buy' 16 or more days' additional leave.

However, 60% of workers were happy to keep their holiday/pay arrangements the same. Commissioned by comparison website, Gocompare.com, the survey also asked self-employed workers about their holiday time. The survey found that:

  • 35% felt that they had less time off being self-employed than when they were employed

  • 26% would like to take more time off but couldn't afford to do so

  • 21% said they give themselves as much time as they like.

When asked about amount of annual leave self-employed people allow themselves, 18% said they have more than 4 weeks off a year, 11% take around 3 to 4 weeks' holiday, 13% take around a fortnight off while 4% take no more than a week away from work.

The survey also asked respondents which was more important to them - time or money. Most (68%) people valued time over money (22%).

A large proportion (76%) of those surveyed said that they didn't have the time to do all the things they wanted to do. Of these people, 22% said they have to work long hours to afford to live, while a quarter said that looking after their home and family left them with little time to do much else.


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A fifth of employees would ‘sell' back annual leave
Digital Mag

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