We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Holiday pay end of SSP
Comments
-
Do you agree with your payroll dept? If it helps, tot up all the days you have worked and multiply it by 12.05%. (You say it was always a 12 hour shift).
Then deduct any days for which you have been paid holiday pay.
Is the answer five days?
I know that there are other ways of calculating holiday pay if you don't work regular hours, but that's the minimum. If you can't work back over 12 weeks then it's a reasonable method.Signature removed for peace of mind0 -
Do you agree with your payroll dept? If it helps, tot up all the days you have worked and multiply it by 12.05%. (You say it was always a 12 hour shift).
Then deduct any days for which you have been paid holiday pay.
Is the answer five days?
I know that there are other ways of calculating holiday pay if you don't work regular hours, but that's the minimum. If you can't work back over 12 weeks then it's a reasonable method.
It should be 12.07% to 2 decimal places, 12.069% to 3.0 -
I agree its around 5 days, but how would I work out how much money this should be0
-
Well, actually if they have agreed it's 5 days (they are allowed to round up but not down, so don't worry if your figures are slightly below), that should be a week's pay.Ex board guide. Signature now changed (if you know, you know).0
-
I agree its around 5 days, but how would I work out how much money this should be
So you had various hourly rates?
If you didn't work for them for 17 weeks then just take whatever weeks you did work and work out average hourly pay by adding all hours and all pay and dividing one by the other (not by adding just the hourly rates and finding the average of those).
Then multiply that hourly rate by 60 (5 days by 12 hours).0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.4K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards