payrise - round up or down?

tomtontom

TELLIT01 wrote: »

Generally a figure is rounded up if the last digit is 6 or higher and down for 5 or lower. In the example you give it would round up, but it's a decision for the employer to make. Whichever way it is rounded it is a 1% pay rise.

This may be of use to you

http://www.bbc.co.uk/skillswise/factsheet/ma04deci-l1-f-approximation-and-rounding

jobbingmusician

If you get a 10% payrise, however, what leads you to suppose it will be on your hourly rate? It could equally be applied to your weekly rate, or to a full time rate, and then worked back to calculate what your hourly rate should be. This might come out at 10.54 or 10.55.............

theoretica

Also, your old salary could have been rounded up (or down) for payment but use the full number for calculations. At first thought £10 + 1% = £10.10. However, if the initial £10 was a rounding of £9.995 then 1% on this would give £10.09495 - or £10.09 to the nearest penny.