SeaPRwire

NTU employees donate over $13 million worth of unused leave

aseanpr
3 minutes

SINGAPORE - More than 1,900 faculty members and staff at Nanyang Technological University (NTU) have donated a record $13.68 million worth of unused leave to student aid and school advancement. This marks an increase of more than 33 per cent from last year's donation of $10.25 million. NTU employees gave a total of 27,593 days of unused leave this year, up from 20,145 days last year, according to a statement by the university on Tuesday (Nov 23). This is the second year that NTU's Leave Redemption and Donation Exercise has taken place. It began last year to allow employees to give their unused vacation leave to an NTU fund of their choice. University staff donate the monetary value of their unused leave based on individual salary rates, said NTU. An average of 14 days of leave were pledged by 1,978 faculty members and staff. Among them is Mr Chin-Hsien Cheng, a project officer at the Asian School of the Environment, who gave 26 leave days to the NTU Priorities Fund. Mr Cheng said: "In these uncertain times, while we are all impacted by the Covid-19 outbreak, the students are still our priority. "I also enjoy my research work, and hence the vacation leave is not that important to me...

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Firms, employees in Singapore make good use of paid leave in a year of no travel

elean
3 minutes

SINGAPORE - With leisure travel grinding to a halt amid the coronavirus pandemic in 2020, many employees in Singapore found themselves in the strange position - perhaps for the first time - of not having made full use of their annual leave. While these unused vacation days may have been wiped off in other years, some organisations have allowed employees to carry over their leave days to the next year. Others yet have come up with other means to ensure that their employees' paid leave days do not go to waste. Employees at Nanyang Technological University donated a collective 20,145 days of annual leave towards student aid and endowments. The donated leave days, courtesy of over 1,800 employees, are worth about $10.25 million. Each employee donated an average of 11 leave days. OCBC Bank adjusted its leave policy in 2020, allowing employees to carry forward additional leave days to 2021. The bank's staff are usually able to carry forward seven days, but have been permitted to do so for 12 days in 2020 or choose to encash up to five days of their annual leave. In June last year, the Singapore workers of tech giant Micron raised a total of $1.88 million through the firm's employee donat...