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Salary prorated

  • 21-11-2014 10:26pm
    #1
    otterj
    Registered Users, Registered Users 2 Posts: 387 ✭✭


    When calculating monthly salary should all the days of the month be included when calculating on a prorata basis
    ie start date 17th nov - working days 10/20 = 50% OR 14/30 = 47%


Comments

  • #2
    clevtrev
    Registered Users, Registered Users 2 Posts: 633 ✭✭✭clevtrev


    Don't think there is one definitive or legislated answer. My experience, the monthly salary is determined by the number of working days not worked in the month! If your monthly is 3,000 and you miss five working days your salary is 3,000 less 5 days at your daily rate. Daily rate is 36,000/260. Best to ask your HR department


  • #3
    thesimpsons
    Registered Users, Registered Users 2 Posts: 1,696 ✭✭✭thesimpsons


    number of ways I've had to work it out in the past. One way to work it out is gross salary, divided by 52 (weeks), divided by 5 for a daily rate. multiply by x days for days worked in the month, and pay this rate.

    another way would be gross / 52 / 5 x days not worked in the month.

    I've never (so far) had it worked it out over the number of actual days in the month (ie 28/30/31).


  • #4
    thesimpsons
    Registered Users, Registered Users 2 Posts: 1,696 ✭✭✭thesimpsons


    clevtrev wrote: »
    Daily rate is 36,000/260. Best to ask your HR department

    where do you get the 260 days from. I haven't seen this formula before. is that days in the year less holiday days, public holidays, etc?


  • #5
    clevtrev
    Registered Users, Registered Users 2 Posts: 633 ✭✭✭clevtrev


    thesimpsons wrote: »
    where do you get the 260 days from. I haven't seen this formula before. is that days in the year less holiday days, public holidays, etc?

    260 days is just 52 weeks times 5 days. Whether the days are work or holidays is not relevant in the calculation of a daily rate


  • #6
    Dixie Chick
    Registered Users, Registered Users 2 Posts: 1,062 ✭✭✭Dixie Chick


    Ive used 261 when calculating a daily rate before, ie 365 days in the year less 104 weekend days


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  • #7
    thesimpsons
    Registered Users, Registered Users 2 Posts: 1,696 ✭✭✭thesimpsons


    what about in a leap year :D


  • #8
    Dixie Chick
    Registered Users, Registered Users 2 Posts: 1,062 ✭✭✭Dixie Chick


    thesimpsons wrote: »
    what about in a leap year :D

    That's a free day you give your employer when salaried!! :mad:


  • #9
    ibarelycare
    Registered Users, Registered Users 2 Posts: 58,456 ✭✭✭✭ibarelycare


    Nowhere in Irish employment law does it state which is the correct calculation for pro-rating pay. I have had one client request that I calculate it based on the days per month, which means that the daily rate of pay changes every month. However the vast majority of companies in my experience use the annual salary/260 days method.


  • #10
    thesimpsons
    Registered Users, Registered Users 2 Posts: 1,696 ✭✭✭thesimpsons


    Dixie Chick wrote: »
    That's a free day you give your employer when salaried!! :mad:

    and worse is the extra hour you give when on night shift the night the clocks go back. I've ever managed to be on night shift for the spring forward hour though they say it evens up over time :mad:


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