To calculate the rate of Leave Accrual, there are two formula's needed.
One to find out the total hours of leave per year, and the second to divide that into a weekly accrual.
First Formula:
Weeks of Leave per Year x Hours worked per week = Total Hours Accumulated per year
Second Formula:
Total Hours Accumulated per year / Weeks in a year (52) = Total Hours Accumulated per year
An Example:
Emily has recently been promoted and now works full time, and we need to know that the Annual Leave is accruing correctly.
Emily now works 38 hours a week, and she receives 4 weeks of annual leave a year.
To work out the accrual the calculation is:
4 weeks of Annual Leave x 38 hours per week = 152 Hours per year.
152 hours per year / 52 weeks in a year = 2.923 hours per week.