Weekly holiday allowance is a paid weekly holiday given to workers who have fulfilled the prescribed number of working days in one week, 주휴수당 meaning that they receive an additional day’s wages. In addition to general workers, the following will guide you on how to calculate the weekly holiday allowance, including daily and part-time workers.
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holiday pay?
Weekly Holiday Allowance Payment Standard
How to calculate holiday pay
Weekly holiday pay can be paid even for daily workers!
holiday pay?
According to Article 55 of the Labor Standards Act, it is stipulated that <employers shall guarantee workers an average of at least one paid holiday per week>. This was revised in 2018. Weekly holiday pay can be paid if the following conditions are satisfied.
Article 55 of the Labor Standards Act
Weekly Holiday Allowance Payment Standard
✔ Workers who work more than 15 hours per week
✔ A worker who satisfies the contracted working days in the employment contract
✔ Weekly vacation pay can be paid even if work is not scheduled for the next week (changed on August 4, 21)
The standard of payment of holiday pay is as follows. Let’s take a closer look. 쉬운남자
1. Workers who work 10 hours a week for 2 hours every day from Monday to Friday are not entitled to weekly holiday pay as they meet the conditions. This is because you need to work more than 15 hours a week.
2. You must be open on the working days according to the employment contract to receive weekly holiday allowance. If you are absent from work at least one day in a week, you are not entitled to a weekly holiday allowance, so it is recommended that you do not miss work unless there is a special reason. Of course, if annual leave is used on the day of absence, weekly vacation pay will be paid normally. If you do not fill out the employment contract, the employer will be fined 5 million won.
3. Prior to August 4, 2021, vacation pay was paid only to <when work is scheduled for the following week>. However, as this administrative interpretation has been changed, even if there is no work schedule for the next week, if conditions 1 and 2 are met, weekly holiday allowance can be paid. However, if you work from Monday to Friday and leave the company on Saturday or Sunday, you will not be entitled to weekly holiday pay.
How to calculate holiday pay
The minimum hourly wage in 2022 is 9,160 won. This is an increase of 5% compared to last year.
The wages according to the minimum hourly wage in 2022 when working 8 hours a day, 5 days a week are as follows.
Source salaryman’s finance research blog
If you work 8 hours 5 days a week, your daily wage is 73,280 won. If you work 5 days a week, you will be paid an additional 73,280 won in weekly holiday allowance for one day on the weekend as it meets the weekly holiday allowance payment criteria. So, 5 days a week + weekly holiday pay = 6 days’ worth of wages.
For an easy way to calculate weekly holiday pay, you can also search for <Weekly Holiday Allowance Calculator> on Naver. It is possible to calculate vacation pay based on not only hourly wages but also annual wages.
Weekly holiday pay can be paid even for daily workers!
Daily workers are also eligible for weekly vacation pay if they meet the above-mentioned weekly vacation pay criteria. If you are a daily worker or part-time worker and cannot pay weekly holiday allowance even though you have met all the requirements for weekly holiday allowance, you can file a wage arrears report. When filing a report with the Ministry of Employment and Labor, it is advisable to prepare evidence in advance as proof is required.
If you’re an employee, you’ve probably heard of vacation pay a lot. Weekly holiday pay is the amount of money that an employee receives for paid weekly holidays.
According to the Labor Standards Act, employers must give workers who have worked a certain number of working days in a week to “on average at least one paid holiday per week”. This paid holiday is called weekly holiday pay. In simple terms, holiday pay is the pay that an employee receives even on days off.
Part-time employees who work at convenience stores must, in principle, receive weekly holiday pay. However, the reality is that there are not many part-timers who actually work while receiving. Even if it is enforced by the law, there is no proper punishment for business owners in case of non-compliance. As the minimum wage is rising, it can also be a burden to small business owners.
Weekly Holiday Allowance Standards
Weekly vacation pay is not suitable for salaried employees. This is because they are guaranteed holidays such as fixed wages and annual leave. But it is important for part-time workers. Workers who work more than 15 hours a week are obliged to pay weekly vacation pay. According to Article 55 of the Labor Standards Act, workers must be given at least one paid holiday per week on average.
Basically, if you work for a total of 40 hours, 8 hours a day, 5 days a week, you must receive your daily salary (8 hours) as a weekly holiday allowance. Even if you work 3 hours a day, 5 days a week, you are entitled to 15 hours of work, so you must be paid 3 hours’ worth of vacation pay. If you work less than that, you are not obligated to pay.
The weekly holiday does not necessarily have to be a Sunday, and one day of the week can be specified.
How to calculate holiday pay
Let me explain with an example to make it easier to come by. The minimum wage in 2019 is 8,590 won. Compared to the 2009 minimum wage of 4,000 won, it has more than doubled in 10 years. At McDonald’s, if you work 40 hours a week, 8 hours a day, 5 days a week at minimum wage, how much will you be paid per month?
A month is 4.35 weeks, and if you apply 40 hours a week, you will work 174 hours in principle. However, if holiday pay is added
Working hours per week: 40 hours per week + 8 hours paid holidays = 48 hours per week
Working hours per month: 4.35 weeks X 48 = 208.8 = 209 hours
That is, 209 hours are applied. So your monthly salary is
Without paid leave: 174 hours X 8,590 = 1,494,660 won
When paid leave is calculated: 209 hours X 8,590 = 1,795,310 won