Holidays and Vacation Accrual Rates

JPL Holidays for 1998

DateName
January 1-2New Year's, Floater 1
February 16President's Day
May 25Memorial Day
July 3Independence Day
September 7Labor Day
November 26-27Thanksgiving
December 24-25Floater 2, Christmas
December 31Floater 3
Your ChoicePersonal
(see also cit human resources list.)

JPL Holidays for 1999

DateName
January 1New Year's
February 15President's Day
May 31Memorial Day
July 2, 5Floater 1, Independence Day
September 6Labor Day
November 25-26Thanksgiving
December 23-24Floater 2, Christmas
December 30, 31Floater 3, New Year's
Your ChoicePersonal

JPL has 8 fixed holidays (New Year's day, President's day, Memorial day, Independence day, Labor day, Thanksgiving day and the day after, Christmas) and 4 floating holidays. 3 of the floating holidays are changed each year to maximize Christmas/New year's and Independence day vacations, and one is a personal holiday to be taken at the employee's discretion. If any of the fixed holidays falls on a weekend, the closest working day is designated as that holiday.

Vacation Accrual Rates for Fulltime Employees

Years of EmploymentVacation Days per Year
<512
5-915
10-1418
>1421

The vacation accruals increase at the beginning of the first year of the next period. Thus after 4 full years of service, the vacation rate increases to 15 days per year at the beginning of the 5th year of service.

"Pay Raise" due to Increased Vacation

Getting an extra vacation day per year is equivalent to getting a pay raise, except that you have bought free time with that money. The extra pay raise due to the JPL steps in vacation are:

Years of EmploymentNumber of vacation days plus holidaysNumber of working days1"Pay Raise" due to extra Vacation Days per Year
<524237--
5272341.27%
10302311.28%
14332281.30%

 1 I have assumed 261 working days in a year, true for non-leap years that begin on a weekday. Non-leap years that begin on a weekend have 260 working days. Leap years that begin on Monday thru Thursday have 262 working days, that begin on Friday or Sunday have 261 days, and that begin on Saturday have 260.

The "pay raise" was calculated as the number of new vacation days divided by the number of workdays in the previous year. Note that this is one of those rare instances in which the pay raise goes up with years of experience!

This calculation was inspired by Craig Cheetham.


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Copyright © 1997 by Tom Chester.
Permission is freely granted to reproduce any or all of this page as long as credit is given to me at this source:
http://sd.znet.com/~schester/calculations/salaries/holidays.html
Comments and feedback: Tom Chester
Last update: 30 June 1998.