Sick Pay Formula:
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The 12 Week Sick Pay calculation determines the total amount an employee should receive for sick leave over a 12-week period based on their weekly rate and the percentage of pay they're entitled to during sick leave.
The calculator uses the following equation:
Where:
Explanation: The equation multiplies the weekly rate by 12 weeks and then by the percentage of pay received during sick leave.
Details: Accurate sick pay calculation is crucial for employers to budget correctly and for employees to understand their entitlements during illness or injury.
Tips: Enter the weekly rate in currency/week and the sick pay percentage as a decimal (e.g., 0.8 for 80%). Both values must be positive numbers.
Q1: Why calculate sick pay for 12 weeks?
A: Many sick pay policies and legal requirements are based on 12-week periods, making this a standard calculation period.
Q2: What's a typical sick pay percentage?
A: This varies by employer and jurisdiction, but common percentages range from 60% to 100% of normal pay.
Q3: Should taxes be deducted from this amount?
A: Sick pay may be subject to normal tax deductions depending on local laws and company policies.
Q4: Does this include employer contributions?
A: This calculation only determines gross pay. Employer contributions would be additional to this amount.
Q5: How does this differ from statutory sick pay?
A: Statutory sick pay may have different rates and caps that aren't accounted for in this basic calculation.