The variance in holiday statistics presents the number of annual leave days or hours that the employee can claim if they leave the business that day.
The calculation is as follows:
The number of days accrued + adjustments (negative and positive) + annual leave taken to date - annual leave already paid for = variance.
📌Note: If the variance is a negative value, it means that the employee has taken more leave than the entitlement or accrued total is at the time. The variance can change every day, as the calculation includes taken and accrued leave. Variance is usually different from the available value, as it does not include leave booked in the future.