Originally Posted by originalkat:
I have a monthly rate that is averaged. Here is what I do... All my holidays and personal days are paid so I do not mess with crediting or discounting those days. However, my vacations (2 weeks) are unpaid. So, I take my weekly rate and multiply it by 52 weeks for the year. Then I deduct the 2 weeks off the top and divide that amount by 12 months. My averaged monthly rate is $525.00. It works out great.
This is a great idea!!! It sounds SOOOO much simpler than messing with paid/unpaid holidays or vacations. Plus your monthly income is always the same regardless of whether you're taking unpaid time. Love this!