How to accrue vacation in Ukraine

Summer is vacation time. For you, it is, above all, trips to the sea, to the country, to relatives or friends. While on vacation, in addition to saved in your working place and salary, you will also receive holiday pay. Accrual of vacation pay occurs in accordance with the "Procedure for the calculation of the average wage", the approved resolution of the Cabinet of Ministers of Ukraine №100 from 08.02.95 G.

You will need

• - information on wages paid to you during the year;
• calculator;
• - information about the number of vacation days.

Instruction

1. Define the settlement period. Vacation is accrued according to the average wage for the last calendar year (12 months).
2. Determine the average daily salary by the following calculations: the amount of wages that were paid to you during the last calendar year, divide by 12 (number of months in a year) and 29.4 (average monthly number of calendar days).
3. Determine the amount of vacation. To do this, average daily wages and multiply by the number of holiday days. For instance, You receive 2000 hryvnia per month, which is 24,000 per year. The resulting value will be divided by 365 calendar days. The result is that while on vacation, you receive daily from the employer's 65 UAH. 75 kopecks. To determine the amount of holiday pay, you multiply the resulting sum by the number of vacation days - 65 UAH. 75 COP. x 24 days = 1578 UAH. 00 kopecks are added To this amount the amount of payment under the collective agreement of the enterprise.
4. Determine the amount of vacation. To do this, average daily wages and multiply by the number of holiday days. For instance, You receive 2000 hryvnia per month, which is 24,000 per year. The resulting value will be divided by 365 calendar days. The result is that while on vacation, you receive daily from the employer's 65 UAH. 75 kopecks. To determine the amount of holiday pay, you multiply the resulting sum by the number of vacation days - 65 UAH. 75 COP. x 24 days = 1578 UAH. 00 kopecks are added To this amount the amount of payment under the collective agreement of the enterprise.