What Is Pro Rata Salary?
In Its Most Basic Form, a Pro Rata Salary Is an Amount of Pay You Quote an Employee Based on What They Would Earn If They Worked Full-Time. .. . So, Someone...
In its most basic form, a pro rata salary is an amount of pay you quote an employee based on what they would earn if they worked full-time. ... So, someone who works 'pro rata' is getting a proportion of a full-time salary.
How do I work out a pro rata salary?
How to calculate pro rata salary
- Divide the full-time annual salary by 52 (number of weeks)
- Divide the result by 40 (standard full-time weekly hours) to get the hourly rate.
- Multiply the hourly rate by the number of actual work hours per week.
- Multiply this by 52 to get the annual pro rata salary.
What does it mean when a salary is pro rata?
In a nutshell, a pro rata salary is an amount you pay a part-time salaried employee if they worked full-time.
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