CONTENT

Holiday calculation methods determine the amount of holiday pay and holiday bonus to be paid and accrued for each employee for each holiday accrual 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

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

A new holiday calculation method can be added by copying a holiday calculation method template or by copying 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

The holiday calculation method can be added to the employee from the Employee's basic data or Holiday entitlement management.

In the Employee's basic data under "Annual holiday information," holiday settings are defined for each employee.

In Holiday entitlement management holiday settings can be set and deleted 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, we recommend 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, you can add salary types to the Salary in money formula from the green plus (+) sign at the end of the formula.

If the salary types are included in the salary model, the salary types will also appear in the "Holidays and absences" group on the salary types formulas tab.

Access rights

Access to the holiday calculation methods view requires read or edit rights from the Payroll function-specific rights to Management > Salary models, types, and holiday calculation methods. Additionally, access to the page requires the Payroll accountant role (P).

This article has been translated using an AI-based translation tool. The contents or wording of these instructions may differ from those in other instructions or in the software.


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