Hi all,

We have received feedback from some of you redarding our Annual Leave Policy in the past months. Thank you for sharing your opinions with us!

We are pleased to inform you of the following changes that will be implemented with immediate effect. These changes aim to enhance he efficiency of our leave management system and ensure a fair distribution of annual leave days.

• You may carry forward a maximum of 7 days of unused Annual Leave to the next calendar year
• Any Carried-Forward Annual Leave must be utilized by the 30th of June of the next calendar year.
• Unused Carried-Forward Annual Leave will be forfeited if not utilized within the stipulated timeframe. Exceptions may be granted in extraordinary circumstances, subject to the discretion of the Company.
• There will be no year-end encashment for unused Annual Leave. Unused Annual Leave will not be converted into cash or any other form of compensation at the end of the calendar year.

What the above mean for this year are:

1. Carried Forward Limit: If you have Annual Leave Balance at the end of this year 2023, a maximum of 7 days will be automatically carried forward to 2024.
2. Utilization Deadline: If you have more than 7 days of Annual Leave, kindly utilize the excess days by 31 December 2023.
3. ZOHO: The Carried-Forward Annual Leave will be reflected in your ZOHO accounts by the first week of January 2024.

TSP Team Handbooks have been updated with the latest Annual Leave policy as well. You might wish to check it out via this link

https://wiki.tsp.sg/policies

If you have any questions or special requests e.g. unable to clear excess Annual Leave (>7 days), do drop us an email via hr_support@thesoftwarepractice.com

Thank you!

Cheers, TSP HR Team