Calculating holiday pay when leaving

[Repta]

Hi,

I am aware this is a really simple question but after using several online calculators and doing it myself everything has given me a different answer! Im trying to calculate how many days holiday im owed.

Started 3/02/2014, Leaving 21/03/2014. Get 30 days/year. My calculations are:

7 weeks work, (7/52)*30= 4.04 days holiday owed. So £190 on minimum wage. Is this right?

Cheers Rhys

 

[Greboth]

Holiday accrued is calculates as

(Number of days entitlement / working days in year) x number of days worked - any days taken.

It is done on working days as there isn't exactly 52 weeks in a year. I don't know how many working days this year as varies between 260 - 262 days for 5 day a week worker.

As for £ value,

(Weekly rate of pay / Days worked per week) x Days holiday

or if you're paid monthly

(Annual rate of pay / 365) x 7 = weekly rate of pay.

 

[Amleto]

depends if you work full time.

30 days can mean 6 working weeks.

7/52 * 6 = 0.8 working weeks. If you're full time then *5 for your holidays in days. Otherwise multiply by your average/contracted(?) working hours per week

 

[Repta]

Holiday accrued is calculates as

(Number of days entitlement / working days in year) x number of days worked - any days taken.

It is done on working days as there isn't exactly 52 weeks in a year. I don't know how many working days this year as varies between 260 - 262 days for 5 day a week worker.

As for £ value,

(Weekly rate of pay / Days worked per week) x Days holiday

or if you're paid monthly

(Annual rate of pay / 365) x 7 = weekly rate of pay.

depends if you work full time.

30 days can mean 6 working weeks.

7/52 * 6 = 0.8 working weeks. If you're full time then *5 for your holidays in days. Otherwise multiply by your average/contracted(?) working hours per week

Thanks, nice and simple. around 4 days holiday since i work full time.

 

[estebanrey]

FYI, there are 52.1775 weeks in the average year

 

[Repta]

Figured i might as well ask another question. Do i trust HR to calculate the entitlement and add it to my last paycheck or should i mention it in my resignation letter?

 

[D.P.]

There aren't exactly 52 weeks in a year, you need to work it by number of working days

 

[~Divine~Wind~]

hours wokred x 5.6 = yearly allowance, take it from there.

OR

https://www.gov.uk/calculate-your-holiday-entitlement

 

[Greboth]

Figured i might as well ask another question. Do i trust HR to calculate the entitlement and add it to my last paycheck or should i mention it in my resignation letter?

Depends how good your HR person/team is. From the dealings I have had with HR through different employer's: no. There's no harm mentioning it in the letter so I would.

hours worked x 5.6 = yearly allowance, take it from there.

Errr wrong. Its either;

Hours worked x 12.07% = accrued holiday or,

Days worked per week x 5.6 = Annual statutory minimum (up to a max. 28 days)

Though the 12.07% is only really used for people who don't have fixed or regular hours such as zero hour contract workers.

 

[Rotty]

don't companies calculate it on fulll months? they certainly used to

 

[~Divine~Wind~]

Errr wrong...snip...

Errr, no?
Use the calculator above?
Unless you think the gov.uk site is wrong?

I work 3 days, 12 hours paid each day.
I do the compressed hours on the calculator above:

The statutory holiday entitlement is 201 hours and 36 minutes holiday for the year.

I do the hours worked per week option:

The statutory entitlement is 201 hours and 36 minutes holiday.

I select the days worked per week option:

The statutory holiday entitlement is 16.8 days holiday.

Hours worked per week = 36, 36*5.6 = 201.6 hours holiday
16.8*12 = 201.6

All back down to the 5.6 number and days/hours interchanged all match up other than what a 20min discrepancy?

Or I'll take your example...

Days worked *5.6 = 3*5.6 = 16.8/12 = 201.6

*shrug*

 

[Repta]

don't companies calculate it on fulll months? they certainly used to

hmm I'll need to check this, if thats the case it makes sense to work an extra 10 days

 

[Greboth]

Errr, no?
Use the calculator above?
Unless you think the gov.uk site is wrong?

*shrug*

You're correct you can do it that way also.

To be a pedant though, that isn't what you said. You simply said "hours worked x 5.6" when you needed the quantification of hours worked in a week x 5.6 hence my confusion and subsequent correction.

In fairness, I should have twigged that is what you meant but I didn't so apologies for the misunderstanding.

 

[cainer]

is there no minimum term you need to work before you can start to get holiday pay?

 

[Hilly]

don't companies calculate it on fulll months? they certainly used to

It's how they did it in my last job;

Full month = 2 day of A/L. Plus bank holidays etc

 

[Ace Modder]

This can vary with your contract as some companys only work out full calendar months worked. Check your contract!

 

[wez130]

is there no minimum term you need to work before you can start to get holiday pay?

Shouldn't be, you accrue holiday pay from the date you start normally. Some companies will not allow you to take holidays within first 3 months or something, but you still accrue them.