February 29th is a "bonus" day that comes around every 4 years. It should be a free day, a public holiday. Not a standard work day effectively unpaid (as it is for salary workers).
Thank you for coming to my TED Talk.
February 29th is a "bonus" day that comes around every 4 years. It should be a free day, a public holiday. Not a standard work day effectively unpaid (as it is for salary workers).
Thank you for coming to my TED Talk.
We need to make bank holiday a holiday for everyone!
We need to make bank holiday a holiday for everyone!
So salary workers get paid for a whole month during February whilst getting the same money for a month with 31 days.
I think Februray works out in favour of salary workers regardless if 28 days or 29 days.
Regardless many salary workers are forced to work many extra hours and even extra days without extra pay.
Sadly this is just another one of those unpaid extra days expected from salary workers.
Where do I sign the petition
Feel sorry for those who are born on the 29th and only get a birthday every 4 years.
Hardcore ozbargainers plan to have kids on Feb 29 to save money
I'm going to open a popup restaurant that opens on May 25th once every 4 years, 280 days before Feb 29th.
I thought about selling wine and oysters but we're appealing to the OzBargain crowd, so it'll be burgers and fried chicken with boner pills inside.
They will be happy if it becomes a public holiday
Most of them are still young and stuck in primary school.
I would like to upvote this
OzB Day
Some people are paid fortnightly, in which case the 29th February isn't unpaid work. For salary workers paid monthly, I guess it is unpaid work. But February is already a good month for those people. Only 28 (occasionally 29) days in the month, yet paid as much as other months.
Some people are paid fortnightly,
OP is suggesting an unpaid holiday.
No I'm not. All existing arrangements still apply as they would for any other public holiday.
u got my vote
Yes
In that case tenants should have to pay an extra days rent since they pay monthly.
That's not the same. Rentals are done on a per-week figure. Salaries are annual so an extra day of work is technically unpaid.
Whilst they advertise a weekly amount the contract usually has a monthly amount.
True. But the extra day doesn't really incur any direct effort or cost from the landlord so the renters get a pass.
@FezMonkey: It's an extra day of interest payments if you have a mortgage on the place. Otherwise it's a day you're not getting a return on the cash tied up. Why should the renters get a free pass? They can use the extra day to earn more money, unless they're silly enough to be on a salary.
@JIMB0: Who can forget the daily interest rate comparison?
The hallmark of every bank ad.
Really? I've never seen a rental agreement in Australia that doesn't stipulate a weekly payment - and I've been party to about a dozen. Maybe your experience is a different state or region?
Monthly is standard in North America.
@Minimum chips: I'm in Victoria. They advertise a weekly amount because most people live week to week but the payment is usually monthly. When I was renting the contract had a monthly payment and it was the same when we rented out the spare house. Was never offered any other options.
I'll take "I don't understand how weeks and months work" for $10 thanks Alex.
FezMonkey for President! #FezMonkey24
I dun want it
You don't choose it, it chooses you.
make february 29 great again and again
Great to have that :)
February 29th Should Be a Public Holiday
Stopped reading here. Answer is yes
I think we need to have public holiday every day. Why stopping at just 29th of February?
I think we need to have public holiday every day.
You can do that now…
Just fill out the forms at Centrelink.
You got paid for an extra 1/4 days work for the last three years…
Come on, have you worked for a company before? What company would ever do that voluntarily?
It's much more likely they pay you for a normal year and get an extra day from you every 4th year.
I always feel ripped off each leap year as someone on a salary, I work an extra day in the year and get paid exactly the same.
It should be my day to have, so I'm totally onboard with this.
Kerrect
i have always said this to all my workers and friends, its not like the company is gonna make a loss from it.
Business who pay on wages would feel it as they have to pay penalty rates like any other holiday but I'm sure they would also get more visitation than a normal day too.
yeah but its only once every 4 years. so they can just take a 1/4 slice each year to cover it.
Join the public service and the 29th can be an office day, the rest are WFH days.
To rain on your parade, many finance things like yearly wages are calculated to include leap years.
i.e.: A weekly wage is calculated from a yearly salary using the formula (year*12)/626
e.g. annual 50000*12 = 600000. divide that by 626 = 958.47weekly
That just averages out how they divide the salary up. It doesn't change the amount you're paid.
It's similar to how they say "the occasional out of hours work is already built into the salary". It's not, it's just a cop out.
A salary is an annual figure. And every four years you do an extra day's work for the same annual pay.
Not really. Over the 4 years you would work 3 being paid daily slightly more than you should, and 1 being paid daily less than you should.
I'm out of the work force and now free to do whatever …
That's why I hate public holidays, especially long weekends, coz they interfere with my daily share trading activities.
i.e. the share market is closed.
Don't salaried employees get paid fortnightly? That is, every 14 days?
Renters who pay monthly are better off in leap years… They get an extra day free in February. Lucky buggers. Except for having to pay exorbitant rent in the first place, of course…
No, most are typically paid monthly on the 15th
I'm convinced!
I will support any proposal for a public holiday regardless of what day it is!!