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Post by w000161buster on Dec 4, 2017 2:35:57 GMT
Can somebody explain to me, in laymans terms how the current holiday pay is made up please.thanks
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Post by Derek Moore on Dec 4, 2017 4:39:27 GMT
Holiday pay is paid under the various working time regulations and applies to offshore work under the 2003 amendment regulations.
There are 2 main modes of paying holiday pay.
One is to pay the entitlement when the worker takes an entitlement for leave and will invariably apply to personnel on contracts of employment who are paid continuous salary. Or is paid as a casual worker when that worker tell the employer they want to take a holiday leave and the entitlement is paid during the break.
The other method of payment is rolled up holiday pay in which the entitlement is paid for each daily, weekly or monthly rate of pay
The ODIA employers do this and it is the equivalent of 12.03% of the day and sat rate and has been in place since 2003 and the uplifts in 2007 & 2009.
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Post by w000161buster on Aug 11, 2023 12:39:02 GMT
Derek, is the current % for calculating hol pay, still 12.03% ?
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