Processing an average holiday pay scheme
Before you begin:
Configuring average holiday pay & Assign average holiday pay scheme to an employee
Enhanced holiday pay will be paid in addition to any other pay codes / elements. Edit any standard amounts required.
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Open the required company.
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Select Payroll.
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Start the payrun as normal.
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Select the employee due the enhanced holiday pay amount.
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Select Edit Additions/Deductions.
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Select New Deduction/Addition.
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Go to Code and select AVGHOLHRS Average Holiday Hours.
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Enter the hours at the enhanced rate.
Hourly Rate shows the enhanced average earnings rate.
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You can change the description if required.
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You can enter the Effective From and Effective To dates if required.
Entering an Effective From and Effective To date will result in the average holiday being calculated on a pro-rata basis.
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Select Create.
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Select Update.
Enhanced holiday pay will be paid in addition to any other pay codes / elements. Edit any standard amounts required.
Good to know...
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Where an employee is set to a Monthly paid pay schedule the following calculation needs to occur to accurately calculate the rate of accrual each period
Hours Per Week (Total Hours Worked) * Weeks Paid (on Working Pattern) / 12
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If an employee is on a working pattern of 40 hours per week and has working weeks of 52.1428 the sum should be
40 * 52.1428 / 12 = 173.80 Per Period -
All other working patterns are unaffected by this as they are straight multiples.