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salary pro rata?
No_Name
Posts: 137 Forumite
If I finished up / left last Friday 29th March and I'm calendar monthly paid, would I expect my usual one month's salary or would it be prorated on a daily basis?
Similarly, if I started 3rd June 2019, would my salary be one twelfth or prorated daily?
What is the accepted norm in the payroll world?
Similarly, if I started 3rd June 2019, would my salary be one twelfth or prorated daily?
What is the accepted norm in the payroll world?
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Comments
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I'd be interested in the answer to this too. I know where I work they would pay the full month for the worker starting on the 3rd. The one leaving on the 29th though might well be pro-rata depending if they're leaving on good terms or not.0
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Could have resigned so last day of notice was 31st that would have removed the march issue.
Be mean for either employers to not pay full months.0 -
I think my work would pay 29/31 and 28/30 of full salary for this - that is their system for starting/leaving.But a banker, engaged at enormous expense,Had the whole of their cash in his care.
Lewis Carroll0 -
theoretica wrote: »I think my work would pay 29/31 and 28/30 of full salary for this - that is their system for starting/leaving.
Echo this, I joined part way through a month and was paid the respective amount.
If you take your question to it's extremes, it's no different from starting on the 29th or leaving on the 3rd and expecting the full months pay.Know what you don't0 -
I would base the calculation on working days so, assuming the working week is Monday to Friday, I would say a full month's salary is due as 30th & 31st March and 1st & 2nd June all fall on weekends.0
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it crazy using 365.
if someone comes in to do 1 weeks work Mon-Friday
should pay annual/52 = 0.01923%
not 5*(annual/365)= 0.01370%
or they go part time 1 day a week you pay annual/5 not 52*(annual/365)
As I said in another post is is a way to underpay for part month and unused holiday.0 -
On the payroll system we use any part months are done on a daily calc over 260 working days. So for March you'd get 21 days which would be a bit short of annual/12. If we saw that happen we'd usually top it up though.Debt Free and Very Very Proud! - DMP mutual support member 315
Debts at May 09 (LBM) £20,675 : Dec 13 £ZERO!0 -
The most accurate way to do it is daily rate based on working days in the year(260 for a 5day worker) and just deduct the pay for the number of working days missed and that is right for the full years pay.
(It removes the problem of working months having between 20 and 23 days in them)0 -
It really doesn't matter what "the norm is" - your company is only going going to pay you according to what it does, and no amount of wailing or whining about 'what everyone else does', or 'what the internet says' is going to change that.0
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