working under a pro-rata fixed term contract

Speedy2009

I have recently done an interview for a job working on contract.
The interviewer said that payment will be x amount pro-rata for 10 months.
I will be working full time under this contract.
How do i calculate the daily rate? Should i divide this by 10 months? and what happens with holiday pay?

any help would be much appreciated!

Mrs OBumble

The daily rate is the full amount for the year, divided by 365 (roughly speaking).

How much you're paid will depend on how their payroll is done. Eg if it's a monthly-paying company, they may just take the annual rate and divide by 12, no matter how many days are in the month. They they would pay you that rate for as many months as you work, and only adjust for days in your starting and ending months.

Speedy2009

Thanks for the reply!
I thought the amount would be split over the period of the contract? i.e. 10 months * 5 working days per week rather than 12 months?

seems silly they quote you a higher figure than you could ever earn and call this the contract amount!