Holiday pay
Holiday pay normally consists of your normal monthly salary (the single pay rule) and a holiday supplement for each day of holiday taken.
In some cases, holiday pay is calculated using the so-called percentage rule. This may be the case, for example, if your salary is largely variable, or if you go from working full-time in the year of accrual to working part-time in the year of vacation. According to the percentage rule in the Annual Holidays Act, holiday pay is 12% of all salary earned during the earning year.
If there is a collective agreement at the workplace, the method of calculation and the amount of holiday pay are usually regulated in the collective agreement.
Holiday supplement
If you are covered by the joint salary rule, i.e. you receive your normal salary during your holidays, you are entitled to an extra salary supplement (holiday supplement) under the Holiday Act. Under the Holiday Act, the holiday supplement is 0.43% of the monthly salary per paid day of holiday.
If the salary also consists of variable salary components (e.g. commission, on-call pay, stand-by pay, performance pay, bonus, etc.
The percentage of holiday allowance is often higher in collective agreements. The holiday supplement, with the exception of the supplement for variable components, must be paid in connection with the holiday.