Holiday Compensation Periodization

• Holiday compensation periodization means that when your employment ends, any compensation paid for unused holidays affects the start date of your entitlement to earnings-related unemployment allowance. For example, a holiday compensation equal to one month’s salary will postpone the start of your unemployment benefit entitlement by approximately one month.
• Periodization is applied if your employment was full-time and lasted at least two weeks.
• If you have been paid holiday compensation with each salary payment contrary to the collective agreement (TES), those compensations are added together, and the total amount is periodized when your employment ends.

What to do if you continue working for the same employer after your previous employment ends?

• If you continue working for the same employer immediately after your previous employment has ended, the holiday compensation will be periodized only after the latter employment ends. In such cases, the periodization will take into account the total amount of holiday compensation accrued during the entire period of employment.
• You can agree with your employer that the annual leave benefits accrued before the end of your previous employment will be transferred to be taken during your next employment. This is possible if the new employment contract is signed before the previous one ends.
• The agreement on transferring unused holiday days must be made in writing, but the new employment does not have to begin immediately after the previous one ends.
• If you receive holiday compensation based on two or more successive employment contracts, the periodization of the holiday compensation will be done based on the total combined amount of compensation.