How to calculate compensation for unused vacation
Compensation for unusedholiday is calculated based on the average earnings for 12 months, which were worked out before the settlement period. If the employee did not useholiday for previous years, the calculation of the average earnings is not made for years unusedholiday but in the last year, even if earlier there was a lower salary.
The settlement amount includes all the funds that were withheld and paid insurance contributions and taxes. The amount received in social benefits, are not taken into account. You need the entire earned amount for the 12 months that have been worked out before the calculation, to fold and divide by 365. The resulting figure is multiplied by the number of days that must be paid for the unused days holiday a.
When you dismiss an employee who has not worked 12 months, you must calculate and payindemnification for unusedholiday for actual hours worked. For spent the days in the month, which is more than 15 paid the amount of compensation for the entire month, at least 15 days in a month – the period for the payment of compensation is not considered.
You need to divide 28 by 12, you get the amount that is paid in one month, that is, of 2.33. Average earnings is calculated from the actual money earned. The amount received in social security benefits in calculating total earnings are not taken into account, and to share the need for the number of calendar days in the calculation period.