Formula
Holiday pay = (weekly hours ÷ 40) × 8 × hourly wageMonthly pay = Weekly pay × 4.345
Estimate weekly holiday pay and its monthly equivalent from hourly wage and weekly hours.
Estimate weekly holiday pay from your hourly wage and contracted weekly hours.
Weekly holiday pay
82,560 KRW| Contracted hours per week | Paid holiday hours | Weekly pay | Monthly pay |
|---|---|---|---|
| 15hours | 3hours | 30,960 KRW | 134,521 KRW |
| 20hours | 4hours | 41,280 KRW | 179,362 KRW |
| 25hours | 5hours | 51,600 KRW | 224,202 KRW |
| 30hours | 6hours | 61,920 KRW | 269,042 KRW |
| 35hours | 7hours | 72,240 KRW | 313,883 KRW |
| 40hours ✓ | 8hours | 82,560 KRW | 358,723 KRW |
| 45hours | 8hours | 82,560 KRW | 358,723 KRW |
| 50hours | 8hours | 82,560 KRW | 358,723 KRW |
Weekly holiday pay is an allowance for a paid rest day when the legal conditions are met.
Holiday pay = (weekly hours ÷ 40) × 8 × hourly wageMonthly pay = Weekly pay × 4.345
· Average contracted hours are at least 15 per week
· All scheduled workdays are completed
· The employment relationship continues through the week
· 40 hours/week → 8 paid hours
· 30 hours/week → 6 paid hours
· 20 hours/week → 4 paid hours
Estimate only. Actual pay can change with contracted hours, attendance and employment terms.