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NAVIGATING THE UPDATED LANDSCAPE OF HOLIDAY PAY CALCULATION

Date: 06/08/2024
Author: Quest
Company: Quest

Updated regulations – effective from 1 April 2024, mandate changes to holiday pay calculations, particularly for employees with irregular or part-year work patterns. Changes include expanded scope to cover these workers, a new accrual rate of 12.07% of hours worked, and the option for rolled up pay.

Non-compliance carries legal risks, emphasising the importance of clear communication and transparency in pay calculations. Employers must update contracts and handbooks to ensure absolute clarity. Consulting with staff can aid smooth transitions and mitigate tribunal claims.

For further guidance on holiday pay calculations, please contact the Chamber Advice Line on 01455 852 037 - or read the full article .