Get Started with Redwood for Oracle Cloud HCM Begin Now
UK holiday pay - Working time directive - regulation 13
Summary:
With this legislation now in place 1 Jan 2024, what does Oracle recommend this is configured on Fusion Payroll.
Content (please ensure you mask any confidential information):
Additional Holiday Pay is legislated under the Working Time Directive – regulation 13 – four weeks ‘’ Four weeks of this entitlement must be paid at a worker’s ‘normal’ rate of pay (as specified by Regulation 13 of the Working Time Regulations). This could include regular payments, such as overtime, regular bonuses and commission. The remaining 1.6 weeks’ entitlement can be paid at ‘basic’ rate of pay, that is, the worker’s basic remuneration (as specified by Regulation 13A).’’
0