How to calculate part-time salaries?

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  • stardust09
    stardust09 Posts: 264 Forumite
    Part of the Furniture 100 Posts
    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.
  • getmore4less
    getmore4less Posts: 46,882 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    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.
  • westv
    westv Posts: 6,403 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    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?
  • westv wrote: »
    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'?
  • KiKi
    KiKi Posts: 5,381 Forumite
    Part of the Furniture 1,000 Posts
    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".
  • 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.
  • 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
    x
  • agrinnall
    agrinnall Posts: 23,344 Forumite
    10,000 Posts Combo Breaker
    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:
  • t0rt0ise
    t0rt0ise Posts: 4,429 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    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/
  • Savvy_Sue
    Savvy_Sue Posts: 47,109 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    westv wrote: »
    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?
    We now do both: list the hours to be worked, list the salary to be paid, and then say FTE £fullsalary
    Signature removed for peace of mind
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