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In option field Changement you determine at what time the holidays and/or holiday compensation will be adjusted according to the age.
Example for monthly wage:
Starting point for a change:
Employee A started to work in the company from 15.05.20xx, employee A will be 50 years old on 15.10.20xx, the holiday entitlement till 50 years = 25 days, from 50 years = 30 days
Beginning of the year
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With a Beginning of the year setting, the employee has from 01.01 the entitlement of 30 days already. I.e. at the entry on 15.05.08 the entitlement is calculated as follows:
30 days / 12 x 7.5 = 18.75 days (depending on the rounding type and rounding precision)
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Beginning of the month
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With the Beginning of the month setting, the employee has the entitlement of 30 days already from 01/10/20xx, 25 days till 30/09/20xx. The change takes place on the 1st day of the birth month. I.e. at the entry on 15.05.08 the entitlement is calculated as follows:
25 days / 12 x 4.5 = 9.375 days (May 15 – Sep. 30)
30 days / 12 x 3 = 7.5 days (Oct. 1 – Dec. 31)
Total entitlement 15.05 - 31.12.xx = 16.875 days (depending on the rounding type and rounding precision)
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Day
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End of month
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With the End of month setting (recommended), the employee has the entitlement of 30 days already from 01.11.xx, 25 days till 30.09.20xx. The change takes place on the 1st day of the month after the birth month. I.e. at the entry on 15.05xx the entitlement is calculated as follows:
25 days / 12 x 5.5 = 11.45 days (May 15 – Oct. 31)
30 days / 12 x 2 = 5 days (Nov. 1 – Dec. 31)
Total entitlement 15.05 - 31.12.xx = 16.45 days (depending on the rounding type and rounding precision)
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End of year
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With the End of year setting, the employee has the entitlement to 30 days only from 01.01 of the following year. I.e. at the entry on 15.05.xx the entitlement is calculated as follows:
25 days / 12 x 7.5 = 15,625 days (depending on the rounding type and rounding precision)
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Example for the hourly wage:
Starting point for a change:
Employee A will be 20 years old on 15.06.xx. According to the contract, employee A gets from July 08 only 10.6% of holiday payment (previously 13%).
Beginning of the year
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If you set the change to the beginning of the year, the employee A will be credited already in January 08 with only 10.6% of holiday pay.
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Beginning of the month
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If you set the change to the beginning of the month, the employee A will be credited from June 08 with only 10.6% of holiday pay.
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End of month
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If you set the change to the end of the month, the employee A will be credited from July 08 with only 10.6% of holiday pay.
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End of year
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If you set the change to the end of the year, the employee A will be still credited in the year 08 with a higher rate of 13% of holiday pay.
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All these calculations are performed fully automatically based on the absences table.
The change is very company specific. We think that the change End of month at most companies is likely to happen next month.
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