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Holiday pay accrual

How much holiday pay accrues at the entered percentage?

Your numbers

$
%

Holiday pay accrued

$560.04

Wages + accrual$5,760.04

Tip. Confirm the statutory or contract rate that applies where you work. It varies widely.

Assumptions

  • Holiday pay accrued = wages × accrual rate.
  • Common in some jurisdictions for casual / holiday loading equivalents.
  • Estimate only. Tax and payroll rules vary by country, state, and year, and this page uses the rates you enter rather than a filing engine's tables.

Explore the numbers

Examples and charts

Start with a scenario, then read the response curve to see which input actually moves the answer.

Example 1

Four weeks equivalent

Roughly what four weeks of annual leave works out to as a share of wages.

Holiday pay accrued

$433.16

Example 2

Casual loading rate

The higher accrual common in casual arrangements that trade leave for a percentage uplift.

Holiday pay accrued

$560.04

Example 3

Statutory minimum style

The rate that corresponds to 5.6 weeks of leave a year.

Holiday pay accrued

$627.64

Sweeps holiday accrual rate from half to one and a half times your value, holding everything else fixed.

Response curve

How holiday accrual rate moves the result

Holiday pay accrued

$560.04

$300$400$500$600$700$8006.0%8.0%10%12%14%16%
Chart axis: Holiday accrual rateNow 11% → $560

What this calculates

Accrues holiday or vacation pay as a percentage of wages earned. This is how casual and contract arrangements often work, and it is also a clean way to value a percentage-based PTO policy.

How to use it

  1. Start with wages in period and work down the form, or load an example to begin from a realistic case.
  2. Read the headline result alongside the supporting rows, which show the intermediate figures behind it.
  3. Check the assumptions. They decide what the number includes and, more importantly, what it leaves out.
  4. Sweep holiday accrual rate on the response curve to see how much it actually moves the answer.
  5. Run a cautious case as well as an optimistic one before using the estimate in a decision.

Common mistakes

  • Mixing hourly accrual rules with percentage-of-wages rules in the same calculation.
  • Applying the rate to gross pay when your contract accrues on base pay only.
  • Assuming accrued holiday pay is always paid out when you leave. That depends on local law and your contract.

Formula

Holiday pay accrued = wages in the period × accrual rate

Inputs

  • Wages in period
  • Holiday accrual rate (%)

FAQ

Is this the same as a PTO hours balance?

Not always. Some employers accrue a percentage of pay, others bank hours per pay period. Use whichever method your contract uses, because converting between them needs your hourly rate.

Where does a rate like 12.07% come from?

It is 5.6 weeks of leave divided by the 46.4 working weeks that remain in the year. The same arithmetic gives about 8.33% for four weeks. Your jurisdiction and contract decide which applies.

Does this apply to salaried employees in the US?

Usually not directly. US employers more often grant a fixed number of PTO days rather than a percentage of wages, and there is no federal statutory minimum. Percentage accrual shows up mainly in contract, casual, and overseas arrangements.

Are these numbers financial advice?

No. They are educational estimates based on the inputs and assumptions on this page. Confirm important decisions with a qualified professional and your own documents.

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