Cost of Impact of Floating Holidays

Number of Employees Taking Floating Holidays

Number of Employees taking Floating Holidays

Average Number of Floating Days

This could be on a specific day or during a particular period

Average Daily Salary of Employees

The average amount an employee earns in a day

Associated Replacement or Overtime Costs

This could be entered as a fixed amount or as a percentage increase over the regular wage

Direct Cost:

The product of the number of employees taking the floating holiday and their average daily salary.

Total Cost Impact

This includes both the direct cost and any additional costs such as overtime or replacement workers