How to calculate holiday
How to calculate vacation
The amount of the vacation benefit is directly related to the income that you received at the place of work for the 12 months preceding the start of the vacation period. At the same time, all accrued bonuses, as well as additional payments go into calculation, the total number of days spent on sick leave and accrual for the periods of illness are taken into account. The calculation does not take social payments, which are material assistance, as well as payment for meals, travel documents.
The main point for the correct calculation of vacation payments is the calculation of the average daily wage. For this there is even a special formula representing the ratio of the total accrued wages for the billing period, i.e. for 12 months, to the number of days worked by the employee. However, in the event that an employee has worked at this location for less than a year, then, as a calculated period, the actually worked time is taken.
In the ideal case, when the employee planning a vacation worked every day for 12 months, in order to calculate the number of days worked, the average number of calendar days, equal to 29.4, is to be multiplied by 12. Starting from April 2, 2014, the coefficient became is equal to 29.3.
If some days of work were missed, for example, during illness, then apply a special formula. Fold the number of days worked for those months that the employee has fully worked, with the number of days for incomplete working months. Then you need to divide the number of days worked for a part of a month by the number of days in a given month and multiply by a factor of 29.4.
As a result of simple mathematical calculations, the average daily earnings are obtained. The amount of vacation pay is equal to the product of the daily income received and the number of days of rest.
In case of dismissal of an employee from his place of work within a few days, he makes a calculation, the amount of which includes compensation for days of vacation unused during work. Monetary compensation for leave is charged to any lay-off worker, despite the period of time he has worked in the organization.
To calculate the compensation, the calculation is made, based on the date of reception of the employee and the date of his dismissal. If the last month was worked out less than half a day, then it is not taken into account, and if half or more - rounded up to a whole month.
The received amount of worked months is multiplied by 2.33 and the number of days for which monetary compensation is needed is obtained. Further, the amount of cash compensation is the same as the amount of vacation pay when taking leave.