How Many Work Days in a Year? (2024)
Working days are the days of the week on which employees work and understanding the number of work days in a year is essential to calculate both compensation and its breakdown. That’s true whether you’re an hourly employee who needs to calculate the annual wage based on the days worked or a salaried employee trying to understand the breakdown of your yearly salary.
However, the number of working days each year is subject to change, and several factors contribute to the fluctuation in this number. So, read our comprehensive blog to thoroughly understand the number of work days in a year, the number of work days in 2024, and what factors influence this number to change each year.
How Many Work Days in a Year?
The average number of work days in any year is between 249 and 251 after excluding holidays and weekends, in the case of the traditional 5-day workweek approach. However, this variation depends on the number of weekends occurring in any year and whether that year is a leap year.
To calculate the total work days in any particular year, you first need to figure out the total number of days in that year. Then deduct the number of weekends, federal holidays, and vacation days from that total number of days.
Here’s the formula to calculate the total number of work days in a year:
Total number of working days in a year = Total Number of days in a year – Total weekends – Total federal holidays – Total vacation days
Calculating the Work Days in a Year: Factors to Consider
Several factors influence the number of work days in a year. Here are a few ones that you can consider looking into:
Weekends
Most businesses follow a 5-day workweek schedule and keep Saturdays and Sundays off. Thus, the calculation must account for the total number of Sundays and Saturdays in any year.
However, suppose you have a non-traditional workweek, such as a four-day workweek, six-day workweek or rotating shifts. Then such aspects need to be worked on separately as per the number of days off provided.
Federal Holidays
Whether it’s a public holiday, religious holiday, or bank holiday, all federal holidays need to be accounted for in the calculation of work days. Also, most holidays are fixed and fall on the same date each year. However, the dates for a few holidays may change from year to year.
Paid Time Off
As per the employee-employer agreement, employees are entitled to certain paid time offs, including sick days, vacation days, or emergency leaves. The number of paid time offs impacts the work days in any year. When calculating the total number of work days, employers need to deduct the number of paid time offs that employees are entitled to, even though these are paid.
Did You Know?
The FLSA doesn’t require employers to pay for their employees’ non-working time, including vacation, sick leave, or any federal holiday. These benefits are matters of agreement between employers and employees and apply to maternity leave, too.
Work Schedules
Gone are the days when the traditional Monday to Friday and 9 to 5 schedule used to be the only norm. Today, many employers provide flexible work schedules to their employees to restore their work-life balance and improve their productivity. These work schedules should also be considered when calculating the total work days.
Here are a few examples of non-traditional work schedules:
Compressed workweek: In this schedule, employees work the same number of hours each week as they are supposed to, but the total workweek hours are squeezed into fewer workdays. 4/10 and 9/80 are the most common examples of such work schedules.
Shift Work: Many industries use roster scheduling and shift work to ensure 24*7 coverage. Such schedules may include the day, evening, and graveyard shifts, and the length of each shift can differ based on the organization’s needs. .
How Many Work Days in the Year 2024?
There are a total of 251 work days in the year 2024, but if we also exclude the vacation days, then there are a total of 240 working days in the year 2024.
But, how can we find this number?
So, let’s calculate the total number of work days in 2024 step by step. The first step is finding the total number of days in the year 2024. Since it’s a leap year, the total number of days in 2024 is 366.
Total number of days in the year 2024 | 366 |
Weekends in 2024
We need to deduct the total number of weekends to calculate the total work days in any year. In 2024, we have 52 Sundays and 52 Saturdays, which sums up to 104 weekends.
Weekend days in 2024 | 104 |
Federal Holidays in 2024
The dates of most holidays are fixed; for example, Christmas and New Year occur on the same date each year. However, the dates of a few holidays, such as Easter, may change each year. Here’s a list of the federal holidays in the USA in 2024, as per the US government’s website.
Note: In addition to these holidays, there’s provision for another holiday, Inauguration Day, which occurs every four years on January 20 after the presidential election. The next presidential inauguration will be on January 20, 2025.
If one of these holidays falls on a Saturday, the preceding Friday is treated as a holiday. Whereas if one of these holidays falls on a Sunday, then the immediate next business day, i.e. Monday is treated as a holiday for leave purposes.
Note: Federal employees are generally entitled to paid time off for federal holidays, which is 11 paid days off per year. However, the number of paid days off given to private employees may differ, as stated in the employer-employee agreement.
So, to calculate the total number of work days, we’ll deduct the 11 days of federal holidays from the total number of days.
Federal Holidays in 2024 | 11 |
Vacation Days in 2024
Vacation leaves are the benefits that employees are entitled to in the form of paid leaves as per the employer-employee agreement. These leaves are provided to employees so they can maintain a healthy work-life balance and use them whenever needed. On average, employees receive 11 vacation days per year in the USA, so we’ll subtract this number from the total days in the year 2024.
Vacation Days in 2024 | 11 |
The Final Calculation of Working Days for Year 2024
Total number of days in 2024 – Total number of weekends in 2024 – Total number of federal holidays in 2024
366 – 104 – 11 = 251
Thus, the total number of working days in the year 2024 = 251
However, if you also exclude the vacation days from the total number of days, then your total working days in the year 2024 will be:
Total number of days in 2024 – Total number of weekends in 2024 – Total number of federal holidays in 2024 – Total number of vacation days in 2024
366 – 104 – 11 – 11 = 240
Thus, the total number of working days in the year 2024 = 240
Significance of Calculating the Total Number of Work Days in a Year
For Employees
Helps Calculate Annual Income
Hourly workers are compensated based on the number of hours they work each day. Understanding the number of work days in a year can help them get a better picture of their annual compensation and plan their finances better.
Hourly employees: Those who earn wages based on the hours worked can use the total number of work days to calculate their annual compensation.
Salaried employees: Employees with fixed salaries can use the concept of working days to understand the breakdown of their pay package per annum.
Thus, correctly understanding employees’ earnings each month and year will help them make an effective budget and a realistic savings plan. It can also help them assess whether they can apply for loans.
Plan Vacation Days
Clarifying the total work days and the weekends in any upcoming year helps employees plan their vacation dates accordingly. By ascertaining when they’ll have weekends and holidays, they can preplan their vacations to get the most of their time off and choose the dates that best suit their needs.
In fact, knowing the work days can help them better manage personal commitments, family time and other non-work-related activities.
Helps Calculate Overtime Earnings
If the employee is required to frequently work overtime, they’ll most likely work overtime every other day. Knowing the total work days in a year helps them calculate the amount of money they can earn in a year based on the overtime rate.
Did You Know?
According to Worldmetrics.org, India has one of the lowest average number of working days at 240 while Brazil is one of the countries with the highest average at 261.
For Employers
Create Timelines and Schedule Important Events
Businesses need to set timelines and deadlines for client projects, important deliverables, and other important business events. By knowing the number of workdays in a year, project managers can set accurate project timelines, ensure timely delivery and stay on top of important deliverables.
Set Targets and Milestones
Knowing the number of work days a year, managers and employers can set realistic annual targets. Moreover, they can manage workloads for their employees and assess their productivity levels accordingly.
Understand the Cash Flow
Accounting professionals need to ensure that businesses have adequate cash flow, that is, how much money is moving in and out of business. With this insight, they can gauge the company’s financial health and whether they can manage monthly payroll and other operating costs easily. Accurately calculating the number of workweeks in a year helps accounting managers ensure that the company accounts have enough cash flow to keep up with the payroll schedule.
Bottom Line
The idea of the number of working days in a year helps employees calculate their annual compensation, understand the breakdown of their yearly package, and plan their budget. On the other hand, it helps employers schedule year-wise targets, examine cash flow, and calculate accurate payroll for their hourly employees. While this number of total work days may change from one year to the next, with the calculation explained above, you can easily find out how to calculate the work days in any year.
Also, if you are an employer, who needs to keep track of the total number of work days in a year, as well as the number of days employees worked out of those days, you can leverage any efficient time and attendance software, such as Replicon. It captures the total number of hours and days employees worked along with the overtime hours to streamline the payroll processing and understand the productivity trends of employees.