Vacation Pay Calculator

What is a vacation pay calculator?
A vacation pay calculator is a digital tool that helps managers calculate how much vacation pay an employee is entitled to.


Why is a vacation pay calculator needed?

A vacation pay calculator is helpful to communicate with employees how much vacation pay they are entitled to so that expectations are clear. It is also helpful for managers to manage expenses for employees. Vacation is an important part of work-life balance and employee satisfaction, necessary for reducing turnover. 

 

How is vacation pay calculated?

Add the number of hours earned in the current accounting period and subtract the number of vacation hours used. Multiply the end number by the employee’s hourly wage.

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