Salary Question?

Ladywriter1968

Those who get paid a set amount each month based on 4 weeks, but then comes the 5 week month. Does this mean a week is being left out of pay?

Because

If you got paid on a weekly basis, you would get the 5th week then?

Anyone want to answer this?

CupcakeLisa

i get paid monthly but its based on 12 months in a year not 4 weeks every month and when i have done wages in the past i always split a salary this way or if weekly into 52 weeks

LillythePink

You get paid 52 amounts if weekly and 12 amounts if paid monthly (ie 12,000 / 12 or 12,000 / 52)

t0rt0ise

The annual salary is simply divided by 12 for monthly pay. If it isn't then you need to be asking them questions.

Googlewhacker

say you earn 12k in a year, over 52 weeks this is £230.77 a week.

On a 5 week month this is £230.77*5 = £1153.85
On a 4 week month this is £230.77*4 = £923.77

Or if you get paid once a month then its £1000

So if you get paid monthly on a 4 week month you gain but on a 5 week month you lose out, however over a year you get the correct amount of money.

Obviously the months are more than 4 weeks and not exact but you get the picture.

eyeinthesky

Are you paid monthly or 4 weekly? If monthly, you will probably be paid on the same date each month, and this will be 1/12 of your annual salary. My wife used to work for Tesco, and was paid 4 weekly. This was obviously not the same date each month, and she had 13 pay days in a year. Hope this helps!

real1314

Ladywriter1968 wrote: »

Those who get paid a set amount each month based on 4 weeks, but then comes the 5 week month. Does this mean a week is being left out of pay?

Because

If you got paid on a weekly basis, you would get the 5th week then?

Anyone want to answer this?

There's only one 4 week month, and only for 3 years out of 4 (unless the year can be divided by 100 but not by 400), and that's February (4.142857 weeks in a leap year).

The rest are either 4.2857 or 4.42857 week months.

If you are actually being paid for just 4 weeks every month, you are being paid for just 48 weeks a year.

You're probably just paid 1/12th of your annual pay each month though. :cool:

KiKi

Ladywriter1968 wrote: »

Those who get paid a set amount each month based on 4 weeks, but then comes the 5 week month. Does this mean a week is being left out of pay?

Because

If you got paid on a weekly basis, you would get the 5th week then?

Anyone want to answer this?

There are no months with 5 weeks, nor with 4 (except February in non-leap years). If you get paid per month, then usually it's simply your annual salary divided by 12.

If you're being paid for only 20 working days each month, then you're being underpaid EVERY month, except February. I can't imagine that's the case at all. I think you've probably just misunderstood that months have 4 weeks when they don't.

KiKi

Hammyman

Ladywriter1968 wrote: »

Those who get paid a set amount each month based on 4 weeks, but then comes the 5 week month. Does this mean a week is being left out of pay?

Because

If you got paid on a weekly basis, you would get the 5th week then?

Anyone want to answer this?

There is no such thing as a 5 week month. The maximum days in a month is 31. Last time I went to school, 7x5=35.

And if you are paid monthly, you are paid 1/12 of your annual salary every month plus any bonuses/expenses or minus any deductions since the last pay date.