Vacation Pay

Updated:

11/12/24

Vacation pay is compensation provided to employees during their time off from work, typically when they take a vacation. It is often calculated based on an employee's regular wages or salary and may be provided as a lump sum or paid out in regular intervals, such as weekly or monthly. In many organizations, vacation pay is accrued over time, allowing employees to accumulate days off as they work.

Vacation pay is compensation provided to employees during their time off from work, typically when they take a vacation. It is often calculated based on an employee's regular wages or salary and may be provided as a lump sum or paid out in regular intervals, such as weekly or monthly. In many organizations, vacation pay is accrued over time, allowing employees to accumulate days off as they work.

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