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Aug19

Pro-Rating Vacation Days

Please show me how to prorate vacation days based on the following: Our vacation policy is *0-1 year employment 0 vacation days *1 year to 2 years employment 5 vacation days *2 years to 3 years employment 10 vacation days *3 years or more employment 15 vacation days. *NOTE: calculated on your anniversary date only. What is the correct way to prorate vacation days from 2-12-2016 to 12-31-2016?

Pro-rating vacation time is a common question. The calculation is fairly simple.

Let’s say an employee works 8 hours a day/40 hours a week and currently earns 5 days (or 40 hours) of vacation time a year.

Divide the total number of vacation hours (40) by number of weeks in a year (52) = 0.769 hours of vacation earned per week.

There are 46 weeks from February 12, 2016 to December 31, 2016. Thus, the employee would be entitled to 46 weeks worth of accrued vacation time.

Hours of vacation earned per week (0.769) x weeks of vacation entitlement (46) = 35.374hours of vacation.

So, the employee would earn 35.374 vacation hours from February 12, 2016 to December 31, 2016.

Make sure to set a standard rounding practice.

HTH!

This entry was posted on Friday, August 19th, 2016 at 7:46 pm and is filed under
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