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  2. List of minimum annual leave by country - Wikipedia

    en.wikipedia.org/wiki/List_of_minimum_annual...

    Some employers will allow staff to purchase or sell holiday, usually a maximum of 5 days. Part-time workers are entitled to the same amount of leave but this is calculated on a pro-rata basis. [194] [195] 20 8–10 28–30 United States: There is no federal or state statutory minimum paid vacation or paid public holidays.

  3. Pro rata - Wikipedia

    en.wikipedia.org/wiki/Pro_rata

    Pro rata is an adverb or adjective meaning in equal portions or in proportion. [1] The term is used in many legal and economic contexts. The hyphenated spelling pro-rata for the adjective form is common, as recommended for adjectives by some English-language style guides. In American English, this term has been vernacularized to prorated or pro ...

  4. Thirteenth salary - Wikipedia

    en.wikipedia.org/wiki/Thirteenth_salary

    An employee is entitled to a prorated thirteenth salary if they leave their employer before the end of the calendar year, unless the parties to the employment contract have agreed otherwise. In the case of retirees, the amount is calculated similarly. [16] Portugal: 13th-month paid in summer vacation and 14th-month at Christmas.

  5. Paid time off - Wikipedia

    en.wikipedia.org/wiki/Paid_time_off

    Paid time off, planned time off, or personal time off (PTO), is a policy in some employee handbooks that provides a bank of hours in which the employer pools sick days, vacation days, and personal days that allows employees to use as the need or desire arises.

  6. Severance package - Wikipedia

    en.wikipedia.org/wiki/Severance_package

    The amount of compensation is normally equal to one third of one month's taxable compensation per year of employment, which includes a prorated amount equal to all the bonuses paid out in the preceding three years. This sum cannot exceed the greater of €94000 or one year's gross salary. This payment is subject to normal income taxes.

  7. Holiday pay - Wikipedia

    en.wikipedia.org/wiki/Holiday_pay

    An employee who has not been working the previous year has the right of vacation, but does not have the right of holiday pay. The holiday year (ferieåret) is defined as the year when the employee leaves for holiday. The holiday pay earned in the previous year is paid in connection with the holiday leave the following year, no later than one ...

  8. Accrual - Wikipedia

    en.wikipedia.org/wiki/Accrual

    In payroll, a common benefit that an employer will provide for employees is a vacation or sick accrual. This means that as time passes, an employee accumulates additional sick leave or vacation time and this time is placed into a bank. Once the time is accumulated, the employer or the employer's payroll provider will track the amount of time ...

  9. Full-time equivalent - Wikipedia

    en.wikipedia.org/wiki/Full-time_equivalent

    For example, if the normal schedule for a quarter is defined as 411.25 hours ([35 hours per week × (52 weeks per year – 5 weeks' regulatory vacation)] / 4), then someone working 100 hours during that quarter represents 100/411.25 = 0.24 FTE. Two employees working in total 400 hours during that same quarterly period represent 0.97 FTE.