Selling Leave Calculator
This tool helps you calculate the potential monetary value of selling unused paid leave (like vacation hours or days).
Enter the number of leave units (hours or days) you want to sell and your corresponding pay rate per unit (hourly or daily). Ensure the units match (e.g., hours and hourly rate, or days and daily rate).
Enter Leave Details
Understanding Selling Leave
How Leave Selling Works
Some employers allow employees to sell back unused paid time off (PTO), such as vacation or sick leave, usually at a percentage of their standard pay rate (often 100%). The process and rules vary greatly by company policy and local regulations.
Simple Calculation
The basic principle is straightforward:
Total Amount = (Number of Units to Sell) × (Pay Rate Per Unit)
Where 'Units' are consistently hours or consistently days, and 'Pay Rate' is per hour or per day accordingly.
Note: This calculator provides a basic gross calculation. Actual payout may differ due to taxes, deductions, or company-specific rules.
Selling Leave Examples
Below are 10 examples showing how to use the calculator. Click to expand and see the inputs and calculated result:
Example 1: Selling 40 Hours
Scenario: You have 40 unused vacation hours and your hourly rate is $25.00.
Input: Number of Hours/Days = 40, Pay Rate = 25.00
Calculation: 40 * 25.00 = 1000
Result: Total Amount Received ≈ $1000.00
Example 2: Selling 5 Days
Scenario: You have 5 unused vacation days and your daily rate is $200.00.
Input: Number of Hours/Days = 5, Pay Rate = 200.00
Calculation: 5 * 200.00 = 1000
Result: Total Amount Received ≈ $1000.00
Example 3: Selling 8 Hours
Scenario: You want to sell just one day's worth (8 hours) and your hourly rate is $15.50.
Input: Number of Hours/Days = 8, Pay Rate = 15.50
Calculation: 8 * 15.50 = 124
Result: Total Amount Received ≈ $124.00
Example 4: Selling 10 Days
Scenario: You have 10 days of leave to sell, and your daily rate is $350.00.
Input: Number of Hours/Days = 10, Pay Rate = 350.00
Calculation: 10 * 350.00 = 3500
Result: Total Amount Received ≈ $3500.00
Example 5: Selling 20 Hours
Scenario: You want to sell 20 hours of sick leave (if allowed) and your hourly rate is $30.00.
Input: Number of Hours/Days = 20, Pay Rate = 30.00
Calculation: 20 * 30.00 = 600
Result: Total Amount Received ≈ $600.00
Example 6: Selling 1 Day
Scenario: You are allowed to sell partial days, and want to sell 1 day. Your daily rate is $180.00.
Input: Number of Hours/Days = 1, Pay Rate = 180.00
Calculation: 1 * 180.00 = 180
Result: Total Amount Received ≈ $180.00
Example 7: Selling 50 Hours
Scenario: You have accumulated 50 hours and your hourly rate is $22.75.
Input: Number of Hours/Days = 50, Pay Rate = 22.75
Calculation: 50 * 22.75 = 1137.5
Result: Total Amount Received ≈ $1137.50
Example 8: Selling 3 Days
Scenario: You want to sell 3 days of PTO, and your daily rate is $220.50.
Input: Number of Hours/Days = 3, Pay Rate = 220.50
Calculation: 3 * 220.50 = 661.5
Result: Total Amount Received ≈ $661.50
Example 9: Selling 16 Hours
Scenario: Selling 16 hours (2 days at 8 hrs/day) with an hourly rate of $40.00.
Input: Number of Hours/Days = 16, Pay Rate = 40.00
Calculation: 16 * 40.00 = 640
Result: Total Amount Received ≈ $640.00
Example 10: Selling 7 Days
Scenario: Selling a week's worth (7 days) with a daily rate of $250.00.
Input: Number of Hours/Days = 7, Pay Rate = 250.00
Calculation: 7 * 250.00 = 1750
Result: Total Amount Received ≈ $1750.00
Frequently Asked Questions about Selling Leave
1. What is this calculator used for?
This calculator helps you estimate the gross amount of money you might receive by selling unused paid leave (like vacation or PTO) based on your pay rate.
2. What inputs do I need?
You need to enter the number of leave units you plan to sell (either in hours or days) and your corresponding pay rate per unit (either hourly or daily).
3. What output does it provide?
The calculator provides a single output: the estimated total gross amount you would receive from selling the specified leave units at your given rate.
4. Can I use hours for one input and days for the other?
No. You must be consistent. If you enter the number of *hours* to sell, you must enter your *hourly* pay rate. If you enter the number of *days* to sell, you must enter your *daily* pay rate.
5. Does the calculator account for taxes or deductions?
No. This calculator provides a basic *gross* calculation (before any deductions). The actual amount you receive will be less due to income taxes and possibly other deductions like social security, etc.
6. What pay rate should I use?
Usually, leave is paid out at your standard gross pay rate (the rate before taxes and deductions). Consult your HR department or company policy to confirm which rate is used for leave buyouts.
7. Are there limits on how much leave I can sell?
Most companies have policies that limit the amount of leave you can sell back, often per year or capping the total amount you can accrue/sell. This calculator does not know your company's policy.
8. Can I use this for different types of leave (vacation, sick, PTO)?
While the *calculation* works for any leave type, whether you are *allowed* to sell a specific type of leave (like sick leave) depends entirely on your employer's policy and local laws. This calculator only performs the monetary calculation based on your inputs.
9. Why might my actual payout differ from the calculator's result?
Differences can occur due to taxes, mandatory deductions, company-specific payout rates (e.g., less than 100% of your rate), administrative fees, or how fractions of units are handled.
10. Is this calculator legally binding?
No. This tool is for estimation purposes only. It does not constitute financial advice or a guarantee of payout from your employer. Always consult your company's official policies or HR department for definitive information.
