Pro Rata Salary Formula:
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Pro Rata Salary is the adjusted salary for part-time work based on the proportion of hours worked compared to full-time hours. It ensures fair compensation for employees working less than standard full-time hours.
The calculator uses the Pro Rata formula:
Where:
Explanation: The equation calculates 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 correctly for staffing costs.
Tips: Enter full-time annual salary, part-time weekly hours, and standard full-time weekly hours. All values must be positive numbers.
Q1: What if my part-time hours vary each week?
A: Use your average weekly hours for the calculation, or calculate for different scenarios.
Q2: Does this include benefits?
A: This calculates base salary only. Benefits may need separate pro rata calculations.
Q3: What's considered standard full-time hours?
A: Typically 35-40 hours/week, but varies by country and employer.
Q4: Can this be used for hourly workers?
A: For hourly workers, simply multiply hours worked by hourly rate - pro rata is more relevant for salaried positions.
Q5: How does this affect annual leave entitlement?
A: Leave is usually also calculated pro rata for part-time workers.