How To Work Out Pro Rata Salary Uk How to work out pro rata wages If an employee would receive 25 000 for a 40 hour week then you can easily work out the hourly rate which is 25 000 40 625 Once you ve figured out the hourly rate you should be able to reach the pro rata wage just by multiplying the hourly rate by the number of hours the employee will work
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 time you re actually working Use the pro rata calculator above to find out how it translates into take home pay 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
How To Work Out Pro Rata Salary Uk
How To Work Out Pro Rata Salary Uk
https://cdn.themix.org.uk/uploads/2012/09/pro-rata.jpg
How To Work Out Pro rata Pay For Your Employees Pay Stubs Now
https://psn-cdn.s3.us-east-2.amazonaws.com/uploads/2021/06/pro-rata-pay.jpg
How To Work Out Pro Rata Payments YouTube
https://i.ytimg.com/vi/f9WeF1oRKTo/maxresdefault.jpg
Calculate the Hourly Rate Divide the annual full time salary by the total number of working hours in a year For example if the full time hours are 40 per week multiply this by the average number of working weeks in a year usually around 52 then divide the annual salary by this figure Example 40 x 52 2080 then 40 000 divided by 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
Calculate your weekly salary Proceed to multiply the hourly rate by the contracted weekly working hours Example 12 x 15 180 5 Calculate your annual pro rata salary Finally multiply the weekly salary by 52 weeks in a year this will give you the annual pro rata salary Example 180 x 52 9360 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 For a quick and easy way to work this out try
More picture related to How To Work Out Pro Rata Salary Uk
UK Pro Rata Salary Calculator How Part Time Hours Impact Salary And
https://ghost2.duome.co/content/images/2021/04/Pro-rata-salary-infographic.png
What Is Pro Rata How To Calculate Pro Rata Salary And Holidays
https://chacc.co.uk/wp-content/uploads/2023/03/Pro-rata.png
How Is Pro Rata Salary Time Calculated YouTube
https://i.ytimg.com/vi/r4WsD4dIhxk/maxresdefault.jpg
The pro rata calculator will work out your take home pay pro rata salary Tax Free Allowance Taxable Income National Insurance and Income Tax Get the pro rata salary calculator now This calculator is intended only as a guide and uses normal UK tax and NI information to calculate the net salary of an employed person To calculate a pro rata salary you need two figures The first figure is the per annum salary this role would be paid if employed on a full time basis the second figure is the number of hours you want your part time employee to work The most common method used to work out a pro rata salary is to take the percentage of hours to be worked
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 To work out your employee s pro rata salary or wage divide the equivalent full time annual amount by the number of full time hours in a year to get the effective hourly rate then multiply this by the number of part time working hours to get the pro rata annual amount It is usually much more accurate to work out the pro rata amount by hours
HOW TO ESTIMATE YOUR PRO RATA SALARY YouTube
https://i.ytimg.com/vi/IbU1CK_uHow/maxresdefault.jpg
Pro Rata Salary Calculator Work Out Part Time Employee Wages
https://www.creative.onl/payrollindex/wp-content/uploads/2022/03/pro-rata-salary-calculator-1536x1024.jpg
How To Work Out Pro Rata Salary Uk - If the wheels are spinning just trying to wrap your head around pro rata wages or you just need a helping hand in getting your HR in order the Citation team is always here for you If you want to find out how much more we can do for you give one of our advisors a call today on 0345 844 1111 or drop us a note at hello citation co uk