Calculate vacation pay and vacation allowance
Vacation pay is the compensation that you, as a business owner, pay to your employees when they take annual leave. Vacation allowance is what you pay when an employee ends their employment and for employment shorter than three months.
Parental leave and VAB
Parents are entitled to parental leave when a child is born or adopted. If your employee wants to take parental leave, they must notify you as the employer at least two months before the start of the leave. Employees with a sick child are entitled to time off from work with temporary parental benefit (referred to as VAB).
Annual leave
Under the Annual Leave Act, all employees are entitled to 25 days of annual leave/holiday in a year. Anyone who starts work after 31 August is entitled to five days of unpaid annual leave during the current annual leave year.