How much do I earn per hour?

buel · 25 November 2011 at 10:06AM

Hi,
Please please can someone help me settle a dispute-
My employer pays us a 'basic salary' of £1675 gross per month.
This multiplied by 12 is £20100.

Surely this means that our annual salary is £20100?

By the same token, 20100 divide by 52 equalls 386.
So 386 divide by 40 (hours) is 9.66 so is our pay per hour £9.66?

And our annual salary is £20100?

Am i missing something here please? Is it that obvious?

Realbairn · 25 November 2011 at 10:13AM

your annual salary is based on your gross monthly wage x 12, not your basic. What's you boss saying your salary is?

lkmc01 · 25 November 2011 at 10:15AM

I would say it is that simply. You're well paid!! I dont know anyone that earns more than me. I have a BSc, MSc and years of voluntary work. I get £9ph

SailorSam · 25 November 2011 at 10:17AM

Most people would say yes your correct, but by your hourly pay do you mean the hours you actually work.
What about holidays ?
Say for example you have 4wks holiday, in that case you're earning £20100 for only 48wks in work, so that means for you're getting £10.47 for each hour you 'work'

cr1mson · 25 November 2011 at 10:18AM

Do you actually work 40 hours or is that 35 hours plus an hours unpaid lunch each day? If so should be dividing by 35 to get £11.04 an hour.

C

scheming_gypsy · 25 November 2011 at 10:26AM

buel wrote: »

Hi,
Please please can someone help me settle a dispute-
My employer pays us a 'basic salary' of £1675 gross per month.
This multiplied by 12 is £20100.

Surely this means that our annual salary is £20100?

By the same token, 20100 divide by 52 equalls 386.
So 386 divide by 40 (hours) is 9.66 so is our pay per hour £9.66?

And our annual salary is £20100?

Am i missing something here please? Is it that obvious?

pretty much... what's the dispute?

buel · 25 November 2011 at 10:28AM

Sorry for not explaining further.
Where my confusion lies/where i went wrong is that my calculation of £1675 divide by 4 weeks is wrong as there isn't always 4 weeks in one month, some (such as this month) is a 5 week month.

So is the true calculation £1675 x 12 months is £20100, then £20100 divide by 2080 working hours in a year equalls £9.66?

Oh and we work 8am to 5.30pm mon to thurs and 8am to 12pm on a friday with 30 minutes for unpaid dinner.

agrinnall · 25 November 2011 at 10:35AM

You're not explaining anything, you're just giving us a bunch of calculations that say the same thing in different ways. If you want some help you will have to explain what the problem is.

cr1mson · 25 November 2011 at 10:37AM

Still confused what is the point? It is normal for salaries to be paid in equal 12 month instalments. Whenever I have been paid on that basis I never gave a thought to my hourly rate.

C

scheming_gypsy · 25 November 2011 at 10:52AM

agrinnall wrote: »

You're not explaining anything, you're just giving us a bunch of calculations that say the same thing in different ways. If you want some help you will have to explain what the problem is.

they already did.
they originally though their hourly wage would be month / 4 / 40 but then realised that there isn't 4 weeks in every month. So they wanted to confirm that the correct way to work it out would be:
monthy wage * 12 months / 52 weeks / 40 hours = hourly rate.
I don't think it's a massive issue, just something they were trying to work out for themselves.

getmore4less · 25 November 2011 at 11:00AM

buel wrote: »

Hi,
Please please can someone help me settle a dispute-

what dispute?

How much do I earn per hour?

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