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Holiday accrual

What is holiday accrual?

Holiday accrual refers to payments an employee receives for periods when they are temporarily absent from work for valid reasons. These payments are part of social protection and are regulated by labor laws or company policies.

One of the most common examples is paid annual leave, where employees receive their average earnings while on vacation, allowing them to take time off without financial loss.

Another example is sick leave, where an employee receives partial or full kompensaciya for their salary during recovery. The exact amount often depends on the length of service and country-specific regulations.

Compensated absences may also include maternity leave, parental leave, or temporary disability benefits. Some companies provide for additional payments, such as those for study leave or conference participation.

These benefits ensure income stability during life events, enhance employee loyalty, and strengthen trust in the employer, contributing to a more supportive and committed workforce.

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