Unlocking Employee Benefits: How Encouraging Annual Leave Cashing Out Boosts Financial Wellness

Why don’t more employers encourage their employees to cash out their unused annual leave?We have seen somewhere between 20% & 30% of Aussies are sitting on leave balances of 20 days or greater. This could be $2,500 that you can give your employees. So why does this not happen more often?

The Problem?

• Employers are concerned about the impact this has on their cashflow.
• It creates admin and compliance tasks for finance and HR functions.
• These tasks take away from these people’s ability to complete tasks that ‘move the needle’.
• Employers do not fully understand the regulatory requirements of cashing out this leave so therefore are concerned about completing the transaction.

Our Solution

• Subi provides the cash upfront, allowing your business 2-3 months to pay this back.
• Subi’s platform handles the end-to-end compliance, legal, and finance requirements seamlessly, reducing the burden on your internal teams. Signing up takes less than 10 minutes!
• Subi is educating hundreds of Aussies - employees and employers - every week so they fully understand their rights and obligations around annual leave.

Together we can make unused leave a thing of the past. If you are a business owner, HR leader or employee with excess annual leave we’d love to chat and see how Subi can help you at www.subi.au.