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Calculating the cost of giving Good Friday as a day off

  • 06-03-2018 10:42am
    #1
    Registered Users, Registered Users 2 Posts: 49


    Hi,
    Apologies if this is in the wrong forum but I was wondering if anyone could advise on how a company could calculate the cost of giving employees Good Friday off. Is it as simple as calculating a day's pay & related employer costs for employees? Or is there something else that should be factored in?

    Thanks,


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  • Registered Users, Registered Users 2 Posts: 382 Gmaximum
    ✭✭


    EJD wrote: »
    Hi,
    Apologies if this is in the wrong forum but I was wondering if anyone could advise on how a company could calculate the cost of giving employees Good Friday off. Is it as simple as calculating a day's pay & related employer costs for employees? Or is there something else that should be factored in?

    Thanks,

    You’d need to account for the lost revenue too


  • Closed Accounts Posts: 849 Tenigate
    ✭✭✭


    1. Cost of the loss of sales for a day

    2. the fact your employees will expect it every year going forward, and may well become an entitlement you can't remove from them (hint: give employees a memo and call it a "discretionary day", with a full definition of what a discretionary day is.. granted due to the fact the business not opening on that day. state clearly that employees who are sick or already on AL will not benefit from it, will not be paid for it, and it cannot be carried forward, and that it is not an entitlement)

    It's a nice day to give your employees the day off! Especially if you're only giving a bare 20 days AL.


  • Registered Users, Registered Users 2 Posts: 49 EJD


    Gmaximum wrote: »
    You’d need to account for the lost revenue too

    Revenue would be intercompany services only, so to calculate I'm assuming average daily time spent on rebillable project for rebillable employees?

    Sorry for all the questions :confused:


  • Registered Users, Registered Users 2 Posts: 49 EJD


    Tenigate wrote: »
    1. Cost of the loss of sales for a day

    2. the fact your employees will expect it every year going forward, and may well become an entitlement you can't remove from them (hint: give employees a memo and call it a "discretionary day", with a full definition of what a discretionary day is.. granted due to the fact the business not opening on that day. state clearly that employees who are sick or already on AL will not benefit from it, will not be paid for it, and it cannot be carried forward, and that it is not an entitlement)

    It's a nice day to give your employees the day off! Especially if you're only giving a bare 20 days AL.

    Thanks a mill, good advice ;)


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