The start of a new holiday year: here's what you need to know
The new holiday year begins on 1 September. In that connection, there are a number of things you need to be aware of, including the difference between the accrual year and the holiday-taking year, who earns holiday, and how holiday is earned and paid out, so you make sure your employees don't owe any days of holiday before the new holiday year starts.
Accrual and holiday-taking periods
Each month, the employee earns 2.08 days of holiday, which can be used as early as the following month.
The new holiday accrual year starts on 1 September 2024 and runs until 31 August 2025. You have a little longer to use your holiday, as the holiday-taking year runs from 1 September 2024 to 31 December 2025, which gives a holiday-taking period of 16 months.
Who earns holiday?
All employees earn holiday and are covered by the Holiday Act. Only self-employed people, consultants, directors and freelancers are, as a rule, not covered by the Holiday Act.
We divide employees into two groups: salaried employees and hourly paid employees. Both groups are entitled to at least 12.5% of their holiday-entitled pay, but saving and payout work differently.
Salaried employee:
A salaried employee earns 2.08 days of paid holiday a month, which adds up to 25 days a year. 12.5% is set aside in holiday pay, which is settled when the employee leaves. The salaried employee gets their usual holiday-entitled pay during holiday and also earns a holiday allowance of at least 1% of the holiday-entitled pay.
Hourly paid:
An hourly paid employee also earns 2.08 days of holiday a month and also earns 12.5% of the holiday-entitled pay in holiday pay as they go. Hourly paid employees aren't paid wages during holiday, but are paid holiday pay instead when they take holiday. The holiday pay is most often earned and paid out through FerieKonto, but under a collective agreement it can also be paid out from another holiday fund or by the employer.
Remember owed days of holiday when the new holiday year starts
Before the new holiday year begins, it's important to make sure your employees don't owe any days. In other words, that the days of holiday they have taken in advance are back at zero, so they have used at most 25 days of holiday in the latest holiday year. Put another way, the employee's holiday balance must be at least 0 days when we reach 31 August, as you can't borrow days of holiday across the holiday year.
Video help for the end of the holiday savings year
Watch a video on how to handle the end of the holiday savings year in Zenegy's payroll system. Here you can also learn more about what to be aware of when it comes to owed days of holiday.
Zenegy's payroll system makes holiday administration simple
Zenegy's payroll system is designed to automatically use the oldest days of holiday first. So when an employee registers holiday, the system automatically deducts the oldest days first.
With Zenegy's employee app, employees can easily get an overview of their holiday balance and register holiday. The app also includes a personal holiday guide showing how many days of holiday have been earned and when they must be taken by. Read more about Zenegy's employee app here.
This structure makes sure employees can plan their holiday efficiently and avoid losing days of holiday they have earned.
