Pro Rata Pay

Can some wizzy mathematical type help me? I've just got a letter telling me my pay's gone up. Very nice too. However, if the figure I have got is what I really earn in a year, and I work 5 days per calendar month, how do I calculate what the equivalent salary would be if I was working normal full-time?

I've tried to work it out but it's broken my brain.

I earn £XXXX.00, I work 60 days a year. What does this equate to for those who work full-time?

The reason I would like to know is that previously, they told me what my salary was in terms of the full-time amount (but then 'pro-rata'-ed down), so I'd like to know what the increase is. Do you see?

Deleted Post

Thanks Robadobdob.

*grabs calculator*

Oh. Was that wrong?

£xxxx.00 (monthly or annually?)
Anyhoo, 60 x 4 = 240 (5 day week for a year) so 4 x £xxxx.00 if annual = answer :o)

If most folk work about 20 per calendar month surely you just quadruple the figure to get a full time equivalent.

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for your all your tax needs...

Okay. To complicate things further - how about if it was based on 7 days per calendar month, ie 84 days per year?

Oh. Was that wrong?

Yeah, I forgot to take weekends into account.

If you work out your rate per day and multiply that by the number of days a full timer would work you should have the right figure.

My company are so annoying. A while ago they confirmed my pay in terms of how much it would be if full time. I actually *get* paid according to days (and, in fact, hours) that I work, but they never break it down on my payslip, and now they write to me to tell me of a pay rise, but giving me it in actual basic annual salary, so I can never compare with previous pay rises, or check that they've worked my (monthly) pay out correctly on timeslips. Grrrr.

Full time salary is based upon 52 weeks of 5 days. 260 days.

You should get 6/26 of the annual salary, and one imagines 6/26 of the paid holiday too (5 or 6 days probably)

5 days per month is 60 days per year. 5 days per week is 260 days per year. Therefore your pay would be 60/260ths the annual salary. In other words:
(annual salary / 260) x 60 = your pro rata salary
To get the figure for 84 days per year then just substitute 60 in the above equation with 84.

(e.g. if annual salary = £20,000, then:
20,000/260 = 76.92, and therefore 76.92 x 60 = £4,615.38. Or 76.92 x 84 = £6,461.54)

If they're working it out hourly then just check what their full time hours are stated as. If it's 37, then just take the annual salary, divide by 37 and multiply this figure by how many hours per week you do.

Started out so simple too! :o) :o)

*takes Paracetamol and goes for bath*

If they're working it out hourly

That's the annoying / confusing thing - sometimes they state it as hourly, sometimes as weekly, sometimes as (actual) annual, sometimes as (pro-rata) annual. I'm going to write to them and get them to put it all in writing in every combination, so that I can check it properly!

Thanks for the help, everyone, though :-)