How To Calculate Vacation Pay For The Year

Table of contents:

How To Calculate Vacation Pay For The Year
How To Calculate Vacation Pay For The Year

Video: How To Calculate Vacation Pay For The Year

Video: How To Calculate Vacation Pay For The Year
Video: Lesson 5.4 Calculating Paid Vacation Days 2024, December
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Vacation is a long-awaited time for every employee. It is especially pleasant to reinforce the rest by receiving vacation pay. All issues related to the employee's vacation are regulated by Chapter 19 of the Labor Code of the Russian Federation. The calculation of vacation pay is governed by the Regulation on the specifics of the procedure for calculating the average wage, approved by the Government of the Russian Federation of December 24, 2007 No. 922. All calculations are made in accordance with this Regulation.

How to calculate vacation pay for the year
How to calculate vacation pay for the year

Instructions

Step 1

Leave is granted to the employee annually. A newcomer is entitled to half of the annual leave after six months of work. If the employee quit, he is supposed to pay money (compensation) for the unused vacation or part of it.

Step 2

To calculate vacation pay, you need to determine the average daily earnings. It is found for the previous calendar year, by dividing the amount of wages by the number of months -12 and by the average number of days in a month -29, 4. Based on the average daily wages, vacation pay is calculated for the year. Annual leave for commercial organizations is 28 calendar days, for medical and law enforcement agencies 35-40 days. Sometimes the vacation is divided into two parts of 14 days, respectively.

Step 3

If a person has worked a full calendar year, then there are no difficulties in calculating vacation pay. Let's say an employee goes on vacation from March 1, 2011. His earnings were 40,000 rubles. monthly. The amount of vacation pay will be as follows: 40,000/29.4 * 28 = 38,095.24 rubles.

Step 4

If the period is not fully worked out, the calculation is more difficult. For example, an employee was sick from February 1 to February 14, 2011. Vacation pay is calculated for the period from March 1, 2010 to February 28, 2011. During the sick leave, the employee was assigned an allowance, which is not taken into account when calculating vacation pay. The salary for 11 months was 40,000 rubles, and for the period from 15 to 28 February it was equal to 20,000 rubles. The calculation of vacation pay in this case will be as follows. The income for the year will be 20,000 + 40,000 * 11 = 460,000 rubles. Then we find the number of calendar days actually worked: 29, 4 * 11 months + 29, 4/28 * 14 = 338, 1 day. Moreover, 28 days is the number of calendar days in a month, and 14 is the number of days worked in February. Then the average daily earnings will be found as follows: 460,000/338, 1 day = 1350, 64 rubles. Holidays for the year (for 28 calendar days) will be determined, as in the first example: 1350, 64 * 28 = 37 817, 92 rubles.

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