Holiday calculation methods determine the amounts of holiday pay and holiday bonus to be paid and accrued for each employee for each holiday credit year. This guide covers adding a new holiday calculation method to the company, setting it for employees, linking salary types to the salary in money formula, and the necessary access rights.
CONTENT
- Adding a new holiday calculation method to the company
- Setting the holiday calculation method for employees
- Linking holiday calculation salary types to the salary in money formula
- Access rights
Holiday calculation methods
Holiday calculation methods determine the amount of holiday pay and holiday bonus to be paid and accrued for each holiday credit year. Formulas are defined for the holiday calculation method to calculate holiday pay and holiday bonuses depending on the purpose. The holiday calculation method can be activated by copying a ready-made holiday calculation method template. After adding the holiday calculation method, it can be edited to suit the company's needs. A ready-made holiday calculation method can also be copied from another company. Each employee is assigned the necessary holiday calculation methods, so the holiday calculation method is not dependent on the salary model to which the employee belongs.
Salaries > Settings > Holiday calculation settings > Holiday calculation methods > Add new holiday calculation method
The ready-made holiday calculation methods available in Netvisor are:
- Monthly salary holiday calculation
- Average daily earnings from hourly wages (KPA) 2 times / month
- Percentage-based holiday calculation
- Average hourly earnings (HolidayKTA) pay period 2 times / month
- Holiday compensation in each pay period
- Average daily earnings from commission salary (KPA)
- Municipal holiday calculation
- Average hourly earnings (HolidayKTA) pay period month
- Private social monthly salary holiday calculation from allowances
- Construction industry holiday calculation
Clicking on the holiday calculation method opens a detailed description of the use of the holiday calculation method.
Holiday calculation methods are displayed in a table categorized by the type of calculation method. From the name of the holiday calculation method, you can delve into each content and formulas of the holiday calculation method.
In the column "Settable for employee," you can see whether the holiday calculation method can already be added to the employee. If the addition of the calculation method is still in progress, its status is shown as "In progress."
In the column "Attached employees," you can see how many employees are using the particular holiday calculation method.
Adding a new holiday calculation method to the company
Add a new holiday calculation method in one of the following ways:
- Copy a holiday calculation method template.
- Copy an existing holiday calculation method from another company you manage.
Read the detailed instructions on adding a new holiday calculation method.
Setting the holiday calculation method for employees
You can add the holiday calculation method to the employee from two different places:
- Define employee-specific holiday settings in the Employee's basic data under "Annual holiday information."
- Use Holiday entitlement management to set or delete holiday settings in bulk operations for multiple employees at once.
Linking holiday calculation salary types to the salary in money formula
When a holiday calculation method has been added to the employee, ensure that the salary types "Holiday pay (holiday calculation method name)" and "Holiday bonus (holiday calculation method name)" are included in the Salary in money formula.
Salaries > Payroll > Salary model management > Select "Formulas" button from the salary model > Calculatory > Salary in money > Edit
- If necessary, add salary types to the Salary in money formula from the green plus (+) sign at the end of the formula.
- Note that if the salary types are included in the salary model, they will also appear in the "Holidays and absences" group on the salary types formulas tab.
Access rights
Ensure you have the necessary rights to the holiday calculation methods view:
- Obtain read or edit rights from the Payroll function-specific rights to Management > Salary models, types, and holiday calculation methods.
- Ensure you have the Payroll accountant role (P).
Frequently asked questions
How is the holiday calculation method defined?
The holiday calculation method can be activated by copying a ready-made holiday calculation method template or by copying it from another company you manage. Formulas are defined for calculating holiday pay and holiday bonuses.
Is the holiday calculation method tied to the salary model?
No, the holiday calculation method is set for each employee individually and is not dependent on the salary model to which the employee belongs.
Where can I set the holiday calculation method for multiple employees at once?
You can use Holiday entitlement management to perform bulk operations for multiple employees at once.
What rights are required to use the holiday calculation methods view?
You need the Payroll accountant role (P) and at least read rights to the function-specific right "Salary models, types, and holiday calculation methods."
Keywords: holiday calculation methods, holiday pay, holiday bonus, annual holiday information, salary in money formula, holiday entitlement management, payroll
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