dancingqueen wrote:The old style formula was not set at £10 per hour. This is wrong. It was an arbitrary figure which was random.
It all worked out fine though in monetary terms.
Bottom line is last year you should have got 12.07% extra pay on your yearly earnings.
So if you earned £1000 gross and took no holidays you would get £120.07 holiday pay for the year.
This year it is 13.29%
I'm talking about how Angard show how much hoilday you have accrued on your payslip. I did ask Angard in the past why thy they didn't put the monetary value on the payslip but was told it was not possible. The percentage paid is not an issue but they have to use some kind of hourly rate if somebody wants to take some holiday and they used to use £10 as the arbitrary figure but then averaged the previous 13 weeks pay so you never normally got £10 if taking holiday. If you don't take any holiday and just have the lump sum at the end of the year the change is irrelevant. If you use holiday hours to cover blank weeks for AWR purposes you are going to have a lot less hours to use. Now the hourly rate you get paid will be more relevant to your normal hourly rate if you take any holiday.