Pro Rata Salary Formula:
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Pro Rata salary is a calculation that determines the proportional salary for part-time work based on the full-time salary equivalent. It ensures fair compensation relative to hours worked.
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 appropriately for staffing costs.
Tips: Enter the full-time annual salary, the weekly hours for the part-time position, and the standard full-time weekly hours. All values must be positive numbers.
Q1: What if my hours vary each week?
A: Use your average weekly hours or contractual minimum hours for the calculation.
Q2: Does this include benefits?
A: This calculates base salary only. Benefits may need to be calculated separately.
Q3: What's considered full-time hours?
A: This varies by country and company, typically 35-40 hours per week.
Q4: Can this be used for daily or monthly calculations?
A: Yes, as long as all time periods use the same unit (daily, weekly, or monthly).
Q5: Is overtime included in this calculation?
A: No, this calculates base salary proportion only. Overtime would be additional.