How to pay compensation for vacation
The payment of compensation for unused vacation days calculated on the basis of average earnings for 12 months, unless otherwise specified in the internal regulations of the enterprise. Average earnings shall be calculated in accordance with article 139 of the labour code.
Compensation may be received not only dismiss employees or relatives of deceased employee, but the plant's employees, whose leave exceeds 28 calendar days. You cannot pay compensation in lieu of vacation, employees working in arduous conditions, from labor which the life and health of a large number of people. Despite the fact that vacation in this category far exceeds the minimum number of days, they should use it completely and provide it should be given annually.
To pay compensation, the employee must obtain a statement about the desire to obtain monetary compensation for the leave exceeding 28 calendar days. Retired persons compensation should be paid on the basis of statements of resignation.
To calculate the compensation add up all the amounts earned during the 12 months, which kept the income tax, and divide them by the number of working days based on 6 day working week, no matter what the working week in fact. For employees who have worked less than a year or frequently leaving on sick leave, the calculation is different. To calculate add up all the amount earned, divide by the total number of months worked and divide by 29.4. The result bude payment for one day of compensated leave.
When the employee is dismissed, the calculation must be made on the next day after the last working day. If the next day is a weekend or a holiday, the calculation is issued the day before.
On the basis of an application for compensation or application for exemption the employer launches an order form for T-8 indicating the reason for payment, name of employee, title, structural subdivision. Accounting is supplied in note form T-61 for charging money. All information entered in card form T-2 in the vacation schedule.