What is OSP?
Occupational Sick Pay (OSP) is a company policy that ensures employees can take sick leave while receiving the full rate or a percentage of their usual pay. PayFit can automatically calculate occupational rolling sick pay whenever an employee takes sick leave.
What is rolling OSP?
OSP entitlements typically refresh every year, and how it happens can vary. Sometimes this is linked to your company leave year (holiday year), the employee’s start date, or the employee’s last period of sickness. The last option is commonly referred to as "rolling OSP".
For example, if an employee receives 5 days of OSP and their last sickness leave was from 5 June 2024 to 9 June 2024, they won't have any further OSP entitlement until 5 June 2025.
How to use Rolling OSP in PayFit
Admins can now select from three methods when setting up OSP:
Fixed 12-month period from the start of your company's leave year: All employees' OSP will reset on the company's leave year date.
Fixed 12-month period from the employee's start date: Each employee's OSP will reset on their specific starting date, resulting in different reset dates for each employee.
Rolling period from the employee's first day sick: This option continuously updates as the rolling period length expires. Admins can choose the length of the rolling period applied to employees.
To access and set up rolling OSP
Navigate to Company settings then, Leaves settings.
Under the Sickness leave policy section, click Edit policy.
Follow steps 1-3, (step 2 will allow you to select the rolling OSP method)
Click Save.
For more information about occupational sick pay in PayFit, please refer to this Help Centre article.