Pro Rata Salary Formula:
From: | To: |
Pro Rata salary refers to the proportional salary paid to an employee who works part-time compared to the full-time equivalent. It ensures fair compensation based on hours worked relative to a full-time schedule.
The calculator uses the Pro Rata formula:
Where:
Explanation: The calculation determines what portion of the full-time salary should be paid based on the proportion of hours worked.
Details: Accurate pro rata calculations ensure fair compensation for part-time workers and help employers budget appropriately for staffing costs.
Tips: Enter the full-time annual salary, the part-time hours per week, and the standard full-time hours per week. All values must be positive numbers.
Q1: What's considered full-time hours?
A: This varies by country and employer, but typically 35-40 hours per week is considered full-time.
Q2: Does pro rata include benefits?
A: Benefits may or may not be pro-rated depending on company policy and local laws.
Q3: How does this differ from hourly wage?
A: Pro rata calculates annual salary proportion, while hourly wage is a rate per hour worked.
Q4: Can this be used for monthly salaries?
A: Yes, just ensure all values (salary and hours) are for the same time period.
Q5: What if the part-time hours vary?
A: Use average hours or calculate for each schedule separately.