Can someone explain why on the weeks with a bank holiday you only get 1/5 of your normal weeks pay for that day. Just started to work Wed-Fri and as SW dont pay Im down money. Normally get €100 per day, so 1/5 of this is €60 but I now pay more PRSI & USC so only came out with €40 for that day, so ever time there is a bank holiday I will be down money, is this correct.
Part Time Work and Bank Holidays
- Thread starter paw1
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Black Sheep
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As most public holidays are on Monday's I don't understand how you are down in your pay on a week with a public holiday.
As you work wed-Fri the 1/5 that you are paid is extra (as well as your 3 working days)
As you work wed-Fri the 1/5 that you are paid is extra (as well as your 3 working days)
I reason I'm down money is because I'm not paid by SW for the Monday (Bank Holiday) I normally get €48, so when the job pays me for that day I only came out €40. I known its not much in the difference but as my other half is also now unemployed the €8 at least pays my bus fare in and out of work.
The reason I asked about the 1/5 rule, was I thought it would be a days pay that the company had to give me. If you work fultime 1/5 would equal a days pay so why not when you work 3 days.
The reason I asked about the 1/5 rule, was I thought it would be a days pay that the company had to give me. If you work fultime 1/5 would equal a days pay so why not when you work 3 days.
Fair enough, but if you are fulltime you would get your normal weeks pay and and day off, while part time workers like me ( and its not by choice its the only job I could get) are less well off moneywise and still do their full week - 3 days in my case, so no day off. Actually I've just work out that I only get €38.40 out of the extra €60 the company are paying me, so I'm losing a tenner for every bank holiday.