How to calculate vacation pay to the employee

According to the Labour code (Chapter 19, article 114), each person working under the employment contract, is entitled to annual paid leave for 28 calendar days. This leave may be extended in the case of work in the far North and equivalent areas (Chapter 19, p. 116). Going on vacation, the employee may be calm to save a position and salary, as this aspect is provided by the Federal law. Also the officer put the payment, but rather the holiday. The organization is obliged to pay the amount not later than three days before the statutory holiday.

How to calculate vacation pay to the employee
How to calculate holiday pay calculator
How to calculate the number of holiday days
When to pay vacation pay

Instruction

To calculate holiday pay, you must first calculate the average monthly earnings. This sum salary for a specified period, for example 6 months.

Now divide by the number of months worked. So you will receive the average monthly wage.

Then the number you divide by 29.4 and multiply by the number of the statutory holiday, for example, 28. The resulting figure will be the amount of vacation.

Note

If paid annual leave includes public holidays, it shall be extended on quantity, but the payment for these days is not charged (Chapter 19 ст128).

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