LSL Accruing
Hi there
I have an fulltime salaried employee that started with us 1/3/2017 (so basically he has done just over 6years with us) when should I add the LSL accruing category to his card file?
Thanks for this.
Regards
Gill
Forum Discussion
Not really an answer to your question, but personally I keep a separate spreadsheet for LSL accruals, as I found it too fiddly to use the MYOB entitlements.
LSL entitlements should be accrued before the employee becomes eligible. Even at 2-3 years employment there is a future/non-current liability attached to an employee, and after 5 years there is an even higher chance that the employee may be paid out pro-rated LSL. As such it is a liability even before the employee becomes eligible.
