I work for a company that designs and manufactures specialized military/defense equipment. Given the situation in the Middle East, and the resulting high demand for our kit (from which the company has profited handsomely), key staff have been working long hours and minimizing holidays to meet very tight deadlines.
Unfortunately this has led to many people having a large surplus of unused annual leave - and our HR department insists that, regardless of circumstances, any unused leave will be forfeited if not taken by the end of the leave year (at Easter).
We seem to be left with no option but to simply take large swathes of holiday during the few months, ignoring any impact on project deadlines, but no-one really wants to do this. When we suggested some form of compensation for at least some of the unused leave, we were told that this can only happen when someone resigns; HR stated that it is not possible *for legal reasons* to pay off unused leave in any other circumstances.
Does anyone know if this final statement is correct? Is a company really legally barred, even if it wanted to, from converting unused leave into a salary bonus or other remuneration?
TIA