Leave Year
The 12-month period used for calculating leave entitlements.
Definition
The leave year is the 12-month period employers use to calculate annual leave entitlements, carryover, and caps. Options include calendar year (January-December), fiscal year, anniversary year (employee's hire date), or rolling 12-month period. The choice affects when leave resets and how carryover works.
Examples
- • Calendar year: January 1 - December 31
- • Fiscal year: July 1 - June 30
- • Anniversary year: Based on hire date
- • Rolling 12-month: 12 months measured backward from leave use
Quick Facts
- Term
- Leave Year
- Category
- Policies
Related Terms
Helpful Resources
Explore More Terms
Front-Loaded PTO
Providing the full annual PTO allotment at the start of the year.
Accrual Cap
The maximum amount of leave an employee can accumulate.
Carryover
The ability to transfer unused leave from one year to the next.
Use-It-or-Lose-It
A policy where unused leave is forfeited at year-end.
Unlimited PTO
A policy with no set limit on paid time off.
Waiting Period
Time before an employee can use accrued leave.
Manage Leave Year Effortlessly
LeavePlan Pro helps you track and manage all types of employee leave while staying compliant with regulations.