The employer is obliged to compensate the employee for unused leave upon dismissal, or at his request. Knowledge of the procedure for calculating compensation can be useful for both the employer and the employee to check the correctness of the amounts paid.
It is necessary
- - calculator;
- - information about the amount of payments to the employee for the billing period;
- - information on the number of days and months worked.
Instructions
Step 1
Compensation is payable in two cases: upon dismissal and instead of additional leave (over 28 days). In the latter case, you need a written statement from the employee with a request to pay the amount of money instead of vacation. To calculate compensation for unused leave upon dismissal, you need to sequentially calculate the amount of all payments to the employee, the billing period, the average daily wage and the number of unused vacation days.
Step 2
Payments that are taken into account in calculating average earnings in addition to wages include bonuses, various allowances and coefficients that are accrued in difficult working conditions. All of them need to be summed up.
Step 3
To calculate the average daily salary, the received amount of payments must be divided by 12 (the number of months in a year, if the calculation is for the full period) and by the average number of calendar days 29, 3. This formula is used if the employee has worked in the company for at least 11 months. Then he can expect to receive annual vacation pay.
Step 4
Now the average daily earnings received must be multiplied by the number of compensated vacation days. This is usually 28 days.
Step 5
As a rule, the main difficulties arise with the calculation of compensation for unused vacation for an incomplete period. For example, if an employee has worked 10 months 16 days. In this case, vacation compensation is paid in proportion to the number of days in the months worked. Surplus (16 days in the example) is rounded up to a full month, since it is more than half a month. If they are less than half a month, then they must be excluded from the calculations.
Step 6
Compensation for unused vacation for an incomplete period is calculated in the amount of the average earnings for 2, 33 days (the value is calculated as the ratio of 28 days to 12 months) for each month of work. The formula for the calculation can be represented as ((employee's income for the billing period / 29, 3) / (12 * 2, 33 * number of full months worked)).
