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How to calculate part-time salaries?
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When I have to work out what a part-time salary is, I do it using the following calculations (which works for any job, not just NHS ones, and is based on the idea that you work for 10 sessions a week in a full-time occupation - 5 mornings and 5 afternoons).
Four days a week: (Full time wage) x 0.8
Three days a week: (Full time wage) x 0.6 [£30,000 x 0.6 = £18,000 annual salary)
Two days a week: (Full time wage) x 0.4
One day a week: (Full time wage) x 0.2
This gives you your annual salary (pro-rate equivalent) which you can then put into a website like The Salary Calculator (which I found about about through Martin's newsletter) http://www.thesalarycalculator.co.uk/salary.php.
Hope that helps.0 -
If this is a long term return to work do it on a full year for monthly numbers.
If you don't come april you will get less.0 -
Would it not be a whole lot easier if employers stated the actual wage rather than a figure that needed to be pro ratered? If they know the hours that will be worked why don't they do so?0
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Would it not be a whole lot easier if employers stated the actual wage rather than a figure that needed to be pro ratered? If they know the hours that will be worked why don't they do so?
Indeed, but then the figure would look lower, it is all a big game.
I hate employers who say for example £15 000 pro rata for 3 days, this makes the hour rate unclear.
Biggest annoyance however is...Salary: Good?!?! When they ask for references can I just say 'good'?0 -
stardust09 wrote: »When I have to work out what a part-time salary is, I do it using the following calculations (which works for any job, not just NHS ones, and is based on the idea that you work for 10 sessions a week in a full-time occupation - 5 mornings and 5 afternoons).
Four days a week: (Full time wage) x 0.8
Three days a week: (Full time wage) x 0.6 [£30,000 x 0.6 = £18,000 annual salary)
Two days a week: (Full time wage) x 0.4
One day a week: (Full time wage) x 0.2
This gives you your annual salary (pro-rate equivalent) which you can then put into a website like The Salary Calculator (which I found about about through Martin's newsletter) http://www.thesalarycalculator.co.uk/salary.php.
Hope that helps.
That's how I work it out - but I don't think it's based on a 'morning and afternoon session' basis. It's simply percentages.If 5 days a week is 100%, then each day is the equivalent of 20%.
So the multiples of 0.2, 0.4, 0.6 etc are simply multiplying by the percentage of full time pay you are trying to calculate.
But I agree, it's by far the simplest way of working it out.
KiKi' <-- See that? It's called an apostrophe. It does not mean "hey, look out, here comes an S".0 -
mine was a bit different since I get some incentive because I was on the night shift schedule from 9 pm - 1am. And Held responsible in closing and cleaning the area. But never the less the morning schedules are somehow all general.don't invest on something non profitable.
if a house was built by man nature is built by time.0 -
Thank you everyone for the steer, that's really helped me. I hadn't appreciated the personal allowance side of things - feel like I haven't properly worked in so long I really need to get my brain in gear with these things lol so I am glad I have you all!
Thanks again
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rememberme28 wrote: »Indeed, but then the figure would look lower, it is all a big game.
I hate employers who say for example £15 000 pro rata for 3 days, this makes the hour rate unclear.
Biggest annoyance however is...Salary: Good?!?! When they ask for references can I just say 'good'?
What annoys me is organisations saying something like salary £30,000 pro rata 25 hours but never telling you what the full time hours are so it's impossible to work out the part time salary :mad:0 -
I use this little gizmo to work out take home pay for whatever salary.. http://www.thesalarycalculator.co.uk/salary.php
All the gizmos they do are listed here http://www.thesalarycalculator.co.uk/0 -
Would it not be a whole lot easier if employers stated the actual wage rather than a figure that needed to be pro ratered? If they know the hours that will be worked why don't they do so?Signature removed for peace of mind0
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