General
Semesterersättning
Compensation paid for untaken annual leave days, usually upon termination of employment.
Definition
Semesterersättning, or vacation compensation, is the payment an employee receives for any accrued annual leave days that have not been taken, most commonly when their employment is terminated. The calculation principles for vacation compensation are generally the same as for 'semesterlön', ensuring that employees are financially compensated for their unused leave entitlements.