We'd like to remind Forumites to please avoid political debate on the Forum. This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
I'm having trouble working out my pay for the month (!)

Yos
Posts: 3 Newbie
Hey,folks.
So,I started my new job five weeks ago,and I get paid *monthly*. Payday is the *15th* of every month. I received a payslip last month for *£354.99*,despite having worked there only one week. I've now received my second payslip this morning for *£524.04*.
Something doesn't add up?
I'm on the national minimum wage,and I worked 18 hours per week.
So,I started my new job five weeks ago,and I get paid *monthly*. Payday is the *15th* of every month. I received a payslip last month for *£354.99*,despite having worked there only one week. I've now received my second payslip this morning for *£524.04*.
Something doesn't add up?
I'm on the national minimum wage,and I worked 18 hours per week.
0
Comments
-
When are actual pay periods? i.e. what period does the pay cover?0
-
It says at the bottom 'period end date 31/08/2016'0
-
Hey,folks.
So,I started my new job five weeks ago,and I get paid *monthly*. Payday is the *15th* of every month. I received a payslip last month for *£354.99*,despite having worked there only one week. I've now received my second payslip this morning for *£524.04*.
Something doesn't add up?
I'm on the national minimum wage,and I worked 18 hours per week.
So you started on 8th? when you got paid you got paid to the end of that month, roughly 3 weeks, this pay you have got paid for a full month, roughly 4 weeks0 -
So the first one would be for when you started until 31st July which would be 3 weeks worth of pay which would be 18*£6.70*3= £361.80 and then second one would be for whole month which would be 4.34 weeks worth of pay 18*£6.70*4.34 £523.40 so sounds roughly right to me.0
-
A full month's pay would be £480,ish,wouldn't it? 18*4*6.70?0
-
-
A full month's pay would be £480,ish,wouldn't it? 18*4*6.70?
No because on average there are 4.34 weeks in a month. Rather than work out how many weeks are in each month a lot of companies use this figure to work out monthly pay. If they used 4 weeks you would be 4 weeks short every year!0 -
Our cut off used to be the end of the month and it looks like that's what you've been paid for as its 3 and a bit weeks. Say the bit is a working day it's 54 X £7.20 = £388.8. Maybe the extras any overtime?:T:T :beer: :beer::beer::beer: to the lil one
:beer::beer::beer:
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 348.2K Banking & Borrowing
- 252.1K Reduce Debt & Boost Income
- 452.4K Spending & Discounts
- 240.8K Work, Benefits & Business
- 617.1K Mortgages, Homes & Bills
- 175.6K Life & Family
- 254K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 15.1K Coronavirus Support Boards