Nancy15
8 months agoContributing User
Hourly LSL setup
Hi we have an employee who we have had to terminate (NSW) she has been at the company for just under 7 yrs. We have to pay out her long service leave and it was never setup how/or what do I enter in ...
- 8 months ago
Hi Nancy
An annual leave entitlement is % accrual is 7.6923% is based in 20 days a year annual leave
20 x 7.6 (1 day hours) - 152 x (38 x 52) 1976 = 7.6923%
therefore, for NSW 8.67 weeks up to 10 years
... 8.6667 x 38 = 329.3346 (hours
....10 years = 10 x 38 x 52 = 19760
329.3346 / 19760 = 0.01667 %
this is an estimate of accrual.
if you pay out long service leave recommend using the LSL calculator for NSW which will outline the LSL in weeks.
Hope this is helpful