Quizzes & Puzzles9 mins ago
Calculating Holiday Pay For
4 Answers
Someone who works term time only is very tricky. Or so I have been told.
Is there a 'simple' calculation that shows the holiday entitlement expressed ineer time or pay, for some one who works 38 wks a yr for a varying amount of time each week?
There is 'uplift' for those on a fixed hrs contract such as myself. I work for 5hrs 50 min per week term time only (38wks) and I get xx per hr with an uplift of yy to account for holiday pay making my take home pay zz. It also means I cannot take paid holiday in term time.
But can you do the same for someone who works a variety of hours each week term time only?.
Surely there must be a simpler way to calculate it based on actual hrs worked as opposed to yearly hrs stretched and compressed to express a figure over 52 wks???
In effect what I am asking is can it be calculated that if someone works 5 hrs they would have 'earnt' or accrued 10 minutes time or 50p in wages (as an example lol)
Is there a 'simple' calculation that shows the holiday entitlement expressed ineer time or pay, for some one who works 38 wks a yr for a varying amount of time each week?
There is 'uplift' for those on a fixed hrs contract such as myself. I work for 5hrs 50 min per week term time only (38wks) and I get xx per hr with an uplift of yy to account for holiday pay making my take home pay zz. It also means I cannot take paid holiday in term time.
But can you do the same for someone who works a variety of hours each week term time only?.
Surely there must be a simpler way to calculate it based on actual hrs worked as opposed to yearly hrs stretched and compressed to express a figure over 52 wks???
In effect what I am asking is can it be calculated that if someone works 5 hrs they would have 'earnt' or accrued 10 minutes time or 50p in wages (as an example lol)
Answers
Best Answer
No best answer has yet been selected by cassa333. Once a best answer has been selected, it will be shown here.
For more on marking an answer as the "Best Answer", please visit our FAQ.Method 1:
Start here:
https:/ /www.go v.uk/ca lculate -your-h oliday- entitle ment
Method 2 (which is how most employment agencies work):
Simply use a multiplier, calculated as follows:
Someone who works a regular 5 day week is theoretically available for work on 52 x 5 = 260 days per year. (A pedant might argue that the figure should be 261 days, because there are 52 weeks and 1 day in a year, but 260 is normally used for the calculation). If they're given the minimum statutory leave of 28 days, that means that they actually work 232 days 'on' and 28 'off'. [i]So each hour worked gains 28 ÷ 232 hours = 7.2414 minutes of holiday.[i]
Start here:
https:/
Method 2 (which is how most employment agencies work):
Simply use a multiplier, calculated as follows:
Someone who works a regular 5 day week is theoretically available for work on 52 x 5 = 260 days per year. (A pedant might argue that the figure should be 261 days, because there are 52 weeks and 1 day in a year, but 260 is normally used for the calculation). If they're given the minimum statutory leave of 28 days, that means that they actually work 232 days 'on' and 28 'off'. [i]So each hour worked gains 28 ÷ 232 hours = 7.2414 minutes of holiday.[i]