Three-day holiday for New Year’s Day in 2021? Is there triple pay for overtime? How to calculate overtime pay?
I believe everyone knows that there is a holiday for New Year's Day, but not everyone knows whether there will be a three-day holiday for New Year's Day in 2021. So, let's take a look at whether there will be a three-day holiday for New Year's Day in 2021? Is there triple pay for overtime? How to calculate overtime pay? When the Lesser Cold arrives, the weather has entered a stage where it is gradually getting colder but not yet very cold. Mr. Shui Mo will be with you in this November of the lunar calendar in 2020.Three-day holiday for New Year’s Day in 2021?Yes, there will be a 3-day holiday on New Year's Day in 2021The New Year's Day holiday in 2021 is from January 1, 2021 to January 3, 2021. The traditional Chinese New Year's Day refers to the first day of the first lunar month. The concept of "New Year's Day" has different meanings in different eras and countries. The concept of "New Year's Day" in China has always referred to the first day of the first lunar month. The method of calculating the "first month" was not unified before the reign of Emperor Wu of Han. Therefore, the month and day of New Year's Day are not consistent throughout the ages. The Xia calendar of the Xia period took the first month of spring as the first month, the Yin calendar of the Shang period took the twelfth month of winter as the first month, and the Zhou calendar of the Zhou period took the eleventh month of winter as the first month. After Qin Shi Huang unified China, he took October in winter as the first month of the year, and the first day of October as New Year's Day. Starting from Emperor Wu of Han, the first month of spring was designated as the first month of the year, and the first day of January was called New Year's Day, which was used until the end of the Qing Dynasty. Will there be triple pay for overtime work on New Year’s Day 2021?some. Overtime work on New Year's Day 2021 will be triple paid.Because New Year's Day 2021 is a statutory holiday. Therefore, if an employee works on a statutory holiday, the employer should pay overtime wages at 300% of the daily wage, and this money cannot be offset by compensatory leave . Therefore, if you work overtime on January 1, 2021, you will receive triple salary. How to calculate overtime pay on New Year’s Day?New Year's Day is a statutory holiday:If the employer arranges the work, the daily overtime wage standard = the monthly wage standard stipulated in the labor contract ÷ (monthly salary days 21.75 × 8 hours) × 300%. The rest are rest days: If the employer arranges work, the employee shall be compensated for the work according to the same time. If the employee cannot be compensated for the work, the employer shall pay overtime wages. The hourly overtime wage rate = the monthly wage rate stipulated in the labor contract / (monthly salary days 21.75 × 8 hours) × 200%; |
>>: When is New Year’s Day 2021? What is the origin of New Year’s Day?
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