Holiday compensation
Holiday compensation is money paid instead of holiday, usually when employment ends and the employee has earned days that were never taken. It should not be confused with holiday pay, which is the pay received during holiday that is actually taken.
Updated
- Category
Holiday
- Also known as
semesterersättning
- Sources
Semesterlagen (1977:480) sections 16 to 16 b, on holiday paySemesterlagen (1977:480) sections 28 to 30, on holiday compensation
The difference between the two has practical consequences.
Holiday pay, semesterlön, is the pay you receive while on holiday. It is calculated either under the sammalöneregeln, ordinary pay plus a supplement, or under the procentregeln, a proportion of pay during the qualifying year.
Holiday compensation, semesterersättning, is a payment in money for days that were never taken. It arises at the end of employment, and for short employments where no holiday is taken at all.
Both calculations need salary figures, which is why they belong to the payroll system rather than to the time system.
How Timply handles it
Timply counts holiday days rather than holiday compensation in kronor. The calculation under the sammalöneregeln or the procentregeln needs salary figures and is done in the payroll system.
Related terms
Annual Leave Act
The Annual Leave Act (1977:480) governs the right to holiday in Sweden. It gives at least 25 holiday days per holiday year, defines the holiday year as 1 April to 31 March, and sets the rules for paid days, saved days and holiday pay.
Saved holiday days
Saved holiday days are paid holiday days carried over to a later holiday year instead of being taken. The Annual Leave Act gives the right to save days beyond the twenty that must be taken during the holiday year, and saved days may not be saved for longer than five years.
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