Maths

mank!

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I'm thick and trying to work something out. I'm applying for a job which is salaried but I want to know what the hourly rate works out as. What would the formula be?

I tried doing it one way but it gave me £12.50 an hour, which I don't think is right!
 

xane

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You need to know the hours per week, It'll be either 35 or 37.5 normally.
 

mank!

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Salary: £9,750 - £10,500 pro rata per annum
Hours: 15 hours per week - 2 days

Anyone want to work that out, shoot.
 

mank!

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Am I missing something then? £12.50 an hour sounds insane to me.
 

SawTooTH

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Your doing half the hours so its more like £6/h

My sons on that salary working PT for the NHS and he gets about that.
 

mank!

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That sounds about right then.
 

Tom

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mank said:
Salary: £9,750 - £10,500 pro rata per annum
Hours: 15 hours per week - 2 days

Anyone want to work that out, shoot.
£10500/53 = £198.11

£198.11/2 = £99

£99/15 = £6.6

£6.60 per hour (approx)
 

Jonaldo

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Pro-rata is calculated at a standard working week which is 40 hours.

£9750 / 52 / 40 = 4.6875 (£4.68 an hour) Employers will round down :(
£10500 / 52 / 40 = 5.0480769230769230769230769230769 (£5.05 an hour) maybe

£6.60 an hour is well in excess of £13k a year.

Never assume you are paid for lunch breaks or otherwise. If they are counted towards your wage then you'll most likely be told at the interview and if not make a point of asking if lunch breaks are paid.

At my current job I don't get paid for my lunch break but am allowed to eat at my desk as long as I am available for consultation or at least seen to be there. So I just take 15 minutes each day to nip out and get a sandwich and eat in the office, as a result I leave earlier than everyone else but take the same (often longer) break but just in my usual seat, doing nothing but being seen to be there.
 

Driwen

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Tom said:
£10500/53 = £198.11

£198.11/2 = £99

£99/15 = £6.6

£6.60 per hour (approx)
mank isnt working 15 hours a day, but 15 hours a week;)

think jonaldo is right with the pro rata meaning 40 hours a week (and as you work 15 hours you'll earn around 1/3rd of it (15/40=0.375 )).
 

Tom

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Driwen said:
mank isnt working 15 hours a day, but 15 hours a week;)

think jonaldo is right with the pro rata meaning 40 hours a week (and as you work 15 hours you'll earn around 1/3rd of it (15/40=0.375 )).
He says 15 hours over 2 days a week. I think my calculations are about right.


£10500/53 weeks = £198.11 per week

£198.11/2 days = £99 per day

£99/15 hours = £6.6 per hour

£6.60 per hour (approx)
 

Mr.Monkey

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Tax.

Taxable bands 2003-04 (£)

Starting rate 10%
0 - 1,960

Basic rate 22%
1,961 - 30,500

Higher rate 40%
Over 30,500


NATIONAL INSURANCE
Employees’ primary class 1 rate
11% of £89.01 to £595 per week
1% above £595 per week


So at £10,500
Tax=2,075
NI=645

Net pay= 7,780
Less any student loan etc.
 

Jonaldo

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I'm no expert but to get the wages for 2 days a week from a weekly wage, wouldn't you have to divide that figure by five to get the daily rate then multiply by two to get two days? Not 100% sure though.
 

Lester

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Jonaldo is right.

And also you won't pay tax or NI up to approx £90 a week - you'll take home about 75 quid a week mank
 

Tom

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RandomBastard said:
Tom you use 53 weeks in your calculations ive always thought its 52 weeks.
1 year = 52.177457 weeks

heh I don't even know what day it is half the time.
 

Wazzerphuk

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Tom said:
1 year = 52.177457 weeks

heh I don't even know what day it is half the time.
So everyone works 53 weeks a year? No. No-one even works 52 weeks a year. More like 50-51 after bank holidays, xmas etc.
 

Tom

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Yes, but if hes full time he'll be getting upwards of 4 weeks of paid holidays, like everybody else in full time employment.
 

Jonaldo

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There are 12 bank holidays in a year if I remember correctly.
 

mank!

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Tom said:
Yes, but if hes full time he'll be getting upwards of 4 weeks of paid holidays, like everybody else in full time employment.
It's part time. So I should be earning roughly £5 an hour, which is twice what I earn now for the same job. Neat.
 

Rubber Bullets

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OK Mank, I may as well post as my maths is different again.

People seem to assume that your full working week would be 40 hours, but this isn't necessarily so.

In the NHS for instance I work 35 hours a week, the physiotherapists work 36 hours and the nurses 37 1/2 . Fuck knows why.

I reckon that if 2 days equals 15 hours then each full working day is 7 1/2 hours and therefore the salary you quoted is worked out on a 37 1/2 hour week.

This means that:

9,750 / 52 / 37.5 = £5 per hour

rising to

10,500 / 52 / 37.5 = £5.38 per hour.

You now have a nice spread of answers, take your pick.

RB
 

Rubber Bullets

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Jonaldo said:
There are 12 bank holidays in a year if I remember correctly.
I wish, it's actually 8.

As far as holiday is concerned you should get the same number of weeks holiday as everyone else, whether you are full time or part time.

Of course if you are part time this is less days. For instance I get 30 days leave a year, that means 6 weeks holiday or at least I would if I was full time. In fact I work 4 days a week, but still get 6 weeks holiday, its just that 6 weeks x 4 days = 24 days. If I worked 3 days a week I'd get 18 days a year etc.

RB
 

Wazzerphuk

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Tom said:
Yes, but if hes full time he'll be getting upwards of 4 weeks of paid holidays, like everybody else in full time employment.
Did you not pay attention to the figures he gave, being 15 hours a week?

Although I suppose in your book that's a busy week. Slack-o.
 

Tom

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I haven't got a clue what constitutes full time and part time employment. And I don't care, because hopefully I won't ever have to answer to anybody but myself.
 

Wazzerphuk

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I wish I was so detached from the real world.

It would probably be a lot of fun. :/
 

Driwen

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Tom said:
He says 15 hours over 2 days a week. I think my calculations are about right.
mank said:
Salary: £9,750 - £10,500 pro rata per annum
Hours: 15 hours per week - 2 days

Anyone want to work that out, shoot.
he isnt saying 15 hours a day and 2 days a week, but 15 hours per week and 2 days a week.

your calculations end up about right as you have him working 30 hours a week and 53 weeks a year. While the other assume the year salary shown is talking about 37.5 or 40 hours a week and so they divide it by 52 and then the hours. Which ends up about the same, but on very different grounds ;).
 

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