payrise - round up or down?

tomtontom · 6 April 2015 at 12:36PM

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 · 6 April 2015 at 12:54PM

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 · 6 April 2015 at 1:36PM

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.