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Status Planned
Categories Bureau
Created by Guest
Created on Jul 18, 2024

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Calculate average pay for holiday entitlement

With holidays rates having to be calculated on average pay rather than basic hourly rates could Paycircle take all the earnings the person had and average their hourly rate across 52 weeks to get the rate we need to pay for holiday

Describe the Challenge Average holiday rates
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  • Admin
    Yaz Cooper
    Reply
    |     Oct 1, 2024

    Hi Alison

    Thanks for adding some feedback here.

    Could you please raise this as a new request. It would be good to have an additional idea raised for the specific ask of having a customised percentage for holiday pay calculations. We can then get the understanding from other users on how they'd envisage using a custom percentage element 😊

    Thanks!

  • Alison O'Connor
    Reply
    |     Sep 25, 2024

    Great this is planned, please can you adapt the element or provide an element where you can chose the % as 12.07% is the Statutory entitlement and clients may want to align their rolled up pay to their enhanced company entitlement.

  • Admin
    Yaz Cooper
    Reply
    |     Aug 22, 2024

    Hi Bradley


    Thanks for raising this!


    Just to let you know, we're currently working on introducing a system calculated Holiday Pay Pay Element of 12.07%, this will be calculated based on the pay elements you pick to be included.


    We will then be working on an Average Pay Report which will help users calculate an employees 52week average holiday pay (your ask here).


    These items will be coming over the next 2-4 months and we will update you in here when each one is live 🙂


    Thanks

    Yaz