A £13,500 basic salary.

Mistral001

There are 365 days in the year so that means that there are slightly more than 52 weeks in a year. This means based on a 40 hour week you will be getting £6.47 per hour.


It looks like some has got their sums wrong or they have advertised a 37.5 hour per week job incorrectly as 40 hours.


Edit. Either that or salary could have been rounded to the nearest £500. By the way we are not talking vast sums here - maybe about £50. It could also be an old salary based on before the minimum wage was increase. You will get at least the minimum wage.

theoretica

52 weeks in a year x 40 hours x minimum wage comes to £13520 so this is presumably the calculation they did.

However, 52 weeks x 7 days only comes to only 364 days and there are more than that in a year, so on average and in most years, depending on how weekends and leap years fall, this would actually be less than the minimum wage. But only by about a 1 minute unpaid rest break a day.

365.242 / 7 x 40 x 6.50 = £13566.14

Ader1

Takeaway_Addict wrote: »

It's all irrelevant whether its one p or not out as long as the basic plus whatever else there is gets you over the £6.5

I'm not sure if this is the case. The basic salarly itself much reach the minimum wage threshhold because in theory, nothing above this level is guaranteed and must be agreed by a manager.

ohreally

ader1 wrote: »

what was your calculation for that? I ended up with £6.50.

13520/52.14/40

https://www.google.co.uk/#q=13520%2F52.14%2F40%3D

deedee71

I've always thought the way to work it out is based on 260 working days per year which equates to £6.50.

SeduLOUs

52.14 weeks in a year, so 13250/52.14/40 = £6.48 per hour

I suspect the HR people multiplied up with 52 weeks when placing the advert and that the actual salary will end up being £13556.40 (6.50x40x52.14)

Ader1

SeduLOUs wrote: »

52.14 weeks in a year, so 13250/52.14/40 = £6.48 per hour

I suspect the HR people multiplied up with 52 weeks when placing the advert and that the actual salary will end up being £13556.40 (6.50x40x52.14)

No....the figure of £13520 is mentioned in their Individual Statement of Terms and Conditions of Empoloyment.

SeduLOUs

Ader1 wrote: »

No....the figure of £13520 is mentioned in their Individual Statement of Terms and Conditions of Empoloyment.

OK, well that would be fine if there were exactly 52 weeks in a year, but unfortunately there are slightly more. When you divide that salary through by the actual number of weeks in a year it doesn't meet national minimum wage (albeit only short by about £30 a year).

HeavyMetalFan

It's £6.49 per hour. You would work 2,080 hours per annum so divide the gross salary by the number of hours worked.

TELLIT01

It's obviously intended to be a job paying minimum wage. They may have got the annual figure wrong but most would calculate annual figure as hourly rate x hours per week x 52, even though it's slightly inaccurate. Unless you are only going to be paid once a year the figure is academic as they can't pay below minimum wage.