Holiday accrual calculation is performed based on whether the employee's holiday is in days or hours, using one of the calculations below:
For Hourly:
(Entitlement_Hours/Full_Time_Hours/Week_In_Year) * 100
For Daily:
(Entitlement_Days/Full_Time_Days/Week_In_Year) * 100
Using this calculation in an example:
28 days holiday, working 5 days a week, 52 days per week
(28/5/52) * 100 = 10.77%