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Help - working out salary on a pro-rata basis - HOW???

my_gorgeous_ellie-belle
Posts: 1,744 Forumite
Hi,
I hope someone can help me here.:o
Just going via an agency for a permanent job - they have just sent me details and it is a £18,000 per annum job but on a pro rata basis (not sure yet if thats based on 35hr or 40hr week) . Now the role is for 25 hours a week. It also rises to £23,000 pro rata after 3 months. Is there anyone who can help me or tell me how to work out what id actually be earning per year (gross pay) with each option.
Thank u!:beer:
I hope someone can help me here.:o
Just going via an agency for a permanent job - they have just sent me details and it is a £18,000 per annum job but on a pro rata basis (not sure yet if thats based on 35hr or 40hr week) . Now the role is for 25 hours a week. It also rises to £23,000 pro rata after 3 months. Is there anyone who can help me or tell me how to work out what id actually be earning per year (gross pay) with each option.
Thank u!:beer:
Mummy of 3 lovely munchkins :smileyhea
0
Comments
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Divide the salary by the full time hours, and multiply by the part time hours.
So if FT was 40 hours it would be:
(18000/40) x 25 rising to (23000/40) x 25
which equals 11,250 rising to 14,375
Change the 40 for 35/36/37 depending on what the full time hours are0 -
All depends on what the full time week is (could also be based on 37 or 37.5 hours!) x
If based on 35 hrs, you would get £15535.72 per annum.
If based on 40 hrs, you would get £13593.75.Gone ... or have I?0 -
Ah - thank you!!!! I got exactly those figures but i took a very long route to get them, lol! Thank you for simplifying.:T
Oh dear, you wouldnt believe i have As level maths would you:o . Thats what pregnancy and post pregnancy does to you im sure.
I still dont know if i want the job then or go for a full time one, hehe, gotta chose less money for more time with daughter or vice versa. Mmmmm i think time with daughter wins hands down but means im still on benefits, grrrrrrr. I really wanna get off of benefits (housing benefit mainly). I dont like being reliant on them
Thank you all again - you are all fab!:beer:Mummy of 3 lovely munchkins :smileyhea0 -
I also work 25 hourws per week although my pro rata pay is a mere 13000!!!! However my HR department works out my pay diffeently because I am part time. I get an hourly rate rather than a yearly salary. This affecs how I work out my prorata. I have to multiply my hourly pay by 25 and then again by 52 weeks. Most full timers are worked out at a monthly rate (ie 18000 divided by 12 months divided by 4 weeks and then by 37.5 hours to get an hourly rate which allows you to compare properly).
Sorry i have just confused myself....0 -
I also work 25 hourws per week although my pro rata pay is a mere 13000!!!! However my HR department works out my pay diffeently because I am part time. I get an hourly rate rather than a yearly salary. This affecs how I work out my prorata. I have to multiply my hourly pay by 25 and then again by 52 weeks. Most full timers are worked out at a monthly rate (ie 18000 divided by 12 months divided by 4 weeks and then by 37.5 hours to get an hourly rate which allows you to compare properly).
Sorry i have just confused myself....
If you divide by 12 months and then by 4 weeks you are not getting a correct weekly figure as this is the same as dividing by 48 weeks. We actualy have just over 52 weeks in a year.0
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