Calculating Holiday Allowances
The number of holidays in a month is calculated by the formula HOLIDAY FM DYS, which picks the number of holidays from the holiday schedule defined for the employee. The first holiday in the month is used as the specified date.
This earning will be paid for the holidays after the first 3 months of employment.
Negative earning (HOL PAY NEG) is used to deduct the corresponding leave pay from basic income.
Holiday allowances are displayed in the calculation results only if the holiday type Hong Kong Statutory Holiday is maintained in the holiday schedule. If the Holiday Schedule component has value only for Standard Holiday and not Hong Kong Statutory Holiday, then holiday allowances cannot be calculated.