Holiday entitlement

lush_walrus

Hi Guys,

We have been having a bit of a debate about this, and I am sure someone on here knows exactly the right answer...

If you are entitled to 20 days annual leave per year (excluding bank holidays and 3 days between Christmas & new year), how do you work out how many days you have acrued at any point in the year?

I won't tell you my answer to that...But it's different to someone elses answer!

Woby_Tide

One way would be to do it on working days i.e. 52 weeks x 5 (or 6 days) then divide the 20 days by the 260 working days so every 13 days worked you have 1 days holiday
Or do it on working weeks so every week you earn 0.38 days holdiay so after 3 weeks you have 1 day+
Or just pro-rata it by month i.e. you get 1.66 days per month, so if you quit at the end of february you are up.

Our official handbook woking on 22 days per year says we would get based on mnumber of complete calender montsh worked:
1 month - 2 days
2 months - 3.5 days
3 months - 5.5days
4 months - 7 days
5 months - 9 days
6 months - 11 days
7 months - 13 ays
8 months -14.5 days
9 months - 16.5 days
10 months - 18 days
11 months - 20 days

Theres also a whole host of other ways I guess aswell

honeypop

I would say the same as above, as I get 20 days holiday and these are accrued at 1.66 days per full month worked since beginning of 'holiday year'.

Jarvisma

The answer is unfortunately that the actual basis of the calculation is down to company policy so is whatever they decide. They simply have to be consistant across the board. So two different ways of calculation are not necessarily right or wrong.

The following examples assume a 5 day working week and calculating entitlement approx halfway through the year -

By months 20 days holiday / 12 months = 1.66 per month ( X 6 months = 10 days due)

By weeks 20 days holiday / 12 months = 0.384 per week ( X 26 weeks = 10 days due)

By calender days 20 days holiday / 365 days = 0.0547 per day ( X 182 days = 10 days due)

By working days 20 days holiday / 260 days = 0.076 per working day ( X 130 working days = 10 days due)

These are all perfectly acceptable examples, some more likely than others.

Payroll / HR policy is to always round up in favour of the employee, but again your policy may be to the nearest day or half day etc

Hope that helps, sorry there isn't a definitve answer but in this field there rarely is! (I'm a payroll manager in case it wasn't obvious!)

TrikerAndBiker

With the company I work for we work on hourly figures thus if you were employed for a 39 hour week holidays to-date would be worked:

Number of days from start of holiday year to present divided by 365 times by four times the weekly contracted hours

ie

If your holiday year started on 1st April to today would be 32 days on from that date so

32 / 365 x (4 x 39) = 13.67 hours earned to date (rounded up to 14 hrs)

Confused yet?? :rotfl:

(Can you guess I too am a Payroll/HR Manager!)

lush_walrus

TrikerAndBiker wrote: »

With the company I work for we work on hourly figures thus if you were employed for a 39 hour week holidays to-date would be worked:

Number of days from start of holiday year to present divided by 365 times by four times the weekly contracted hours

ie

If your holiday year started on 1st April to today would be 32 days on from that date so

32 / 365 x (4 x 39) = 13.67 hours earned to date (rounded up to 14 hrs)

Confused yet?? :rotfl:

(Can you guess I too am a Payroll/HR Manager!)

Aaaargh completely confused!!!! I'll mull it over and I am sure it will sink in.

Thanks everyone x

Gemmzie

There's a calculator online here...

http://www.i-resign.com/uk/resignationkit/holidaypay.asp