How To Work Out Hourly Rate From Pro Rata Salary Uk What does pro rata mean The meaning of pro rata or the definition of pro rata according to Cambridge Dictionary is essentially to be paid in proportion of a fixed rate for a larger amount For example you may be paid an annual salary of 25 000 pro rata but you only actually work for part time in which case you ll be paid a proportion of the 25 000 based on how much of the expected
Example Calculation of Pro Rata Salary For example a company pays 50 000 per annum pro rata if an employee works full time for 40 hours per week An employee working part time for 25 hours per week will calculate their salary as follows Hourly rate 50 000 40 1250 Pro rata salary 1250 X 25 31 250 15 x 40 600 your weekly earnings 600 x 52 31 200 your salary pro rata So someone earning 15 an hour with a paid one hour lunch break is earning 31 200 pro rata To factor in holidays or sick days Multiply your hourly rate by eight if you have a paid hour for lunch This gives you your day rate
How To Work Out Hourly Rate From Pro Rata Salary Uk
How To Work Out Hourly Rate From Pro Rata Salary Uk
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The proportion is based on the number of hours you work To help illustrate this and figure out exactly how much you get to take home from your pro rata salary we have produced this simple pro rata tax calculator to do all the annoying number crunching for you It includes things like pensions auto enrolment student loans as well as the usual This is the statutory annual leave entitlement If a full time employee who works 5 days a week is entitled to 28 days of paid leave 5 x 6 6 a part time employee who only works 4 days a week will be due 22 4 4 x5 6 The calculation here is simple To work out pro rata holiday entitlement simply multiply the amount of days they work by 5 6
Step by Step Calculation Full Time Annual Salary 60 000 for a role based on a 38 hour week Actual Hours Worked by Alex 19 hours per week Pro Rata Salary Calculation Pro Rata Salary 19 38 60 000 30 000 So Alex s pro rata annual salary is 30 000 The easiest way to work out pro rate salary is by dividing the total annual salary by the number of full time hours You can then multiply the result by the pro rata hours worked Let s take the example from above 40 000 40 1000 1000 x 30 30 000 You can use the same pro rata calculator method to figure out holiday benefits for
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Great then just use our five step pro rata salary calculator to calculate your pro rata pay Divide the annual salary if you worked full time by 52 For example a 24 000 salary split over 52 weeks is 462 per week Then divide that answer by a full time employees number of hours this will give you the hourly rate Determine the hourly rate To determine your pro rata salary employers often calculate your hourly pay first It s the payment you receive if you work for one hour out of the total number of hours To calculate it divide the annual salary by the total number of hours you work annually For example if your annual salary is 30 000 per annum
Here s how you do it Semi Monthly Daily Rate Annual Salary 260 Salaried employees are typically paid for 260 days in a year 5 days a week x 52 weeks in a year So if you want to calculate a semi monthly daily rate divide your employee s annual salary by 260 Semi Monthly Hourly Rate Annual Salary 2 080 Divide the full time salary by the full time hours to get the hourly rate Multiply the hourly rate by the number of hours the part time employee will work to work out the pro rata salary Let s work out a pro rata salary through an example Suppose a full time role pays 30 000 per annum for a 37 5 hours per week
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How To Work Out Hourly Rate From Pro Rata Salary Uk - Find out the benefit of that overtime Enter the number of hours and the rate at which you will get paid For example for 5 hours a month at time and a half enter 5 1 5 There are two options in case you have two different overtime rates To keep the calculations simple overtime rates are based on a normal week of 37 5 hours