| Vacation, Sick & Holiday Pay There are no laws that guarantee an employee to these benefits. Each employer determines which benefits it provides based on what is affordable to the company. The amount of time given to the employee can also be based on what type of company it is and the days that are necessary for it to be open. This directly affects holiday pay, most companies are closed and give employees specific national holiday off, but they do not have pay their employees for this time. Vacation and sick time can be calculated by adding a lump sum number of hours or days at the beginning of each calendar year or employee anniversary year, or calculations through its payroll system can utilize an accrual system which will divide the total amount by the number of pay periods in a year. This number is added to the employee’s available time every pay period and is available for use once accumulated. |