Actual time worked during the billing period

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The actual time worked in the calculation period must be calculated in order to establish how many days during the 12-month period preceding the vacation the employee actually performed his/her work functions. Based on this time, it will be possible to proceed to calculating the employee's average daily earnings.

The actual time worked in the billing period is bolivia whatsapp phone number calculated using the formula: the number of fully worked months in the billing period + the number of calendar days in the months that were not fully worked.



Average daily earnings for calculating vacation pay in 2025
The average daily earnings for payment of vacation days, which are provided during the period of calendar days, and payment of compensation for the employee's use of his vacation days should be understood and applied as the following formula:

The total number of months worked by the employee in the billing period is multiplied by 29.3 and the number of calendar days in the months that were not fully worked is added, falling within the time worked in the given month, which must be divided by the product of the sum of the actual days worked in the calendar month that were not fully worked and the number 29.3.

It is important to note that the number of calendar days falling within the time worked in a given month is determined by the formula:

The total number of calendar days in the month minus the calendar days that fall during the time excluded from the calculation period.

For example, an employee wants to go on vacation from April 1, 2025. He worked from April 1 to September 1 in full, took unpaid leave for 5 days in September, then fell ill and did not work for another 5 days, after which he resumed his duties. In this case, the actual time worked will be calculated as follows:

11 fully worked months x 29.3 + (30 calendar days in September 2023 - 10 calendar days in September 2023) ÷ (20 calendar days in September x 29.3) = 341.8 days were fully worked.

In the course of determining the average wage of an employee, with the established summarized accounting of his working time, excluding cases of calculating the average earnings for the payment of vacations and compensation for unused vacations, such a value as the average hourly earnings is used.

Average hourly earnings can be calculated as follows:

The amount of wages that was actually accrued for the hours worked by the employee during the billing period, including bonuses and rewards, must be divided by the number of hours that were actually worked during the given period.

The average earnings can then be determined using the following formula: the average hourly earnings should be multiplied by the number of his working hours according to the schedule for the period to be paid.





Final calculation of vacation pay in 2025
In order to finally calculate the amount of vacation pay to be paid, the following formula must be used:

The average daily earnings, which are calculated for the billing period, must be multiplied by the duration of the employee's paid leave in 2025.

When calculating and paying vacation pay, it is important not to forget that the full amount of vacation pay in 2025, like the salary itself, is subject to personal income tax and insurance contributions.