How To Pay For Unused Vacation

Table of contents:

How To Pay For Unused Vacation
How To Pay For Unused Vacation

Video: How To Pay For Unused Vacation

Video: How To Pay For Unused Vacation
Video: Am I entitled to unused vacation, holiday, or sick pay if I leave the company? 2024, May
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Compensation for unused vacation days is paid and calculated on the basis of Articles No. 126, No. 127 and No. 141 of the Labor Code of the Russian Federation. Upon dismissal, the employee is entitled to a full settlement, the amount of which includes compensation.

How to pay for unused vacation
How to pay for unused vacation

It is necessary

calculator or program "1C Salary and Personnel"

Instructions

Step 1

In accordance with labor law, if a newly employed employee has worked at your company for less than 1 month and quit, you have the right not to charge or pay compensation.

Step 2

Upon dismissal of employees who have worked for more than 1 month, you are obliged to accrue and pay compensation for all days of unused vacation. Calculate the number of days payable based on the period actually worked. For a month worked more than 15 days, accrue and pay compensation as for a fully worked month. If the last month has been worked for less than 15 days, do not charge compensation for it.

Step 3

To calculate the number of days to be paid, divide 28 by 12. Multiply your result by the months actually worked at your facility. You will receive the original amount of days due.

Step 4

Unused vacation is paid based on the average daily earnings for 12 months. Your internal documents may indicate other periods for calculating average earnings, but keep in mind that the average daily amount cannot be lower than when paying the average daily earnings for 12 months, since the labor inspectorate may consider this situation a violation of workers' rights and impose an administrative fine on the head.

Step 5

To calculate the average earnings, add up all the amounts earned, divide by 12 and by 29, 4. If the employee has worked fewer months, calculate based on the amounts actually earned, divide the result by the actual number of months worked and by 29, 4.

Step 6

Multiply the average daily amount by the calculated number of days due. Add current salary, other amounts payable. Subtract 13% tax. The result will be the calculation upon dismissal.

Step 7

Employees who continue to work at your business are also entitled to compensation for unused vacation days in excess of 28 calendar days. Regardless of the years for which compensation has not been paid, calculate based on the average daily earnings for the last year.

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