FinanceAccounting

Payment of vacation

Every working citizen knows that once a year the employer is obliged to give him leave, while retaining his workplace. Payment of vacation while this must be done on time and in full.

Already after half a year after registration for work the employee has the right to go on paid vacation. This holiday is usually 28 days. However, depending on where the person is working, he can be more. And people who are engaged in dangerous facilities and working in harmful conditions, as well as those who have a working day not normalized, during the year additional holidays are also provided. An example of this kind of work can be work in the mine or watchmaking method, for example, in areas belonging to the territories of the Far North (here employees are granted an additional 24 days of leave). And in the areas equated to the northern regions, the additional leave is 16 days. In order not to cause confusion, the company is carrying out a schedule of holidays, which are usually before the coming of the new year.

Since the vacation is called paid, it will be logical to consider the procedure for paying vacation pay. First, the employee that he is sent on leave, should be warned for two weeks. And secondly, strictly three days before the holiday is paid vacation pay. These terms are final and are not subject to change, otherwise, if the employer has violated at least one of these conditions, the employee may demand to postpone the vacation for another time convenient for him.

Payment of vacation benefits is calculated based on several indicators. It must be stipulated that vacation days include the number of days of calendar after minus the holidays that fall during this period. That is, holidays are not paid for, but affect the duration of leave, increasing it. Another component for calculating vacation pay is the average salary calculated for 12 preceding months. If the leave is granted after the expiration of six months of work, then, respectively, the calculated gap should be taken from the moment the employee starts working in the organization. When the billing period is determined, the employee's salary is calculated, which will be the average for the above period. It should be noted that the final amount is affected by some surcharges, such as a general increase in wages, monthly premiums. According to the law, days of sick leave, business trip, forced leave, etc. are deducted from the calculation period. Payment of vacation, or rather the amount assigned to the issuance, is calculated by a special formula. Usually, for this purpose take the average indicator of days in one month - exactly 29.4.

If the billing period has been fully worked out, then to determine the vacation, the amount of accruals for this gap must be divided by 12 months, then divided again by 29.4. The result is multiplied by the number of days of vacation (calendar). However, when calculating the average salary of 12 months, the days of the sick leave and the time when the employee took leave without pay are deducted . To calculate the average income of an employee for a day, you need to divide the amount of earnings received during the billing period by the number of days that a person worked. The amount to be paid is calculated as follows: the average number obtained in calculating the daily wage must be multiplied by the number of days on vacation.

This is the standard scheme for calculating and paying vacation pay. However, the law provides for cases where leave is calculated specifically in working days. This rule applies to those who are engaged in seasonal work. These categories of workers are granted vacation in a different way, namely: for each month of work - for two days. It also calculates the average earnings per day by dividing the amount accrued at the end of the month by the number of working days. Calculations are made by default for a six-day workweek.

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