Today, 565 million will be paid in holiday pay

Today, more than 33,000 people receive a total of ISK 565 million in holiday pay.  This is 20 million more than last year. The holiday pay for part-time employees is 12 per cent of what they have earned. The employer pays this percentage to a holiday account with TAKS, at the same time as he transfers the normal salary. For monthly employees, the holiday pay is a normal monthly salary plus a holiday supplement of 1.5 per cent of the salary they …