How to work out Salary Prorata pay for employee?
INTRODUCTION
Pro rata means ‘proportionally’ or a ‘proportion of’. But what does pro rate mean in salary terms? It typically comes up in reference to incomplete payable period, when a salary is quoted as being pro rata, it means the pay is proportionate to the number of hours or days worked vs. a full time equivalent. We’ll explain more in a moment.
There are various rules of salary prorate in the country of employment by Law or common practice. You may browser this page and press Ctrl+F to find out the rules you are looking for in the certain countries or regions.
Minimum Pay Recurrence | Country or Region | Payable Units for full time equivalent | Payable Days for incomplete month | fx |
"F" | "X" | |||
MONTHLY (1st -28/30/31st) | China | 21.75 days/month | Worked days + Paid Holidays max at 21.75 | =Round(Monthly Pay/21.75*X,2) |
Spain | 30 days/month | Calendar days valid for employment max at 30 | =Round(Monthly Pay/30*X,2) | |
South Africa | 21.67 days/month | Worked days + Paid Holidays max at 21.67 | =Round(Monthly Pay/21.67*X,2) | |
United Kingdom | 21.67 days/month | Worked days + Paid Holidays max at 21.67 | =Round(Monthly Pay/21.67*X,2) | |
Netherlands | Actual Working Days for the month | Actual Working Days of the months | =Round(Monthly Pay/F*X,2) | |
Taiwan | 30 days/month | Calendar days valid for employment max at 30 | =Round(Monthly Pay/30*X,2) | |
South Korea | 30 days/month | Calendar days valid for employment max at 30 | =Round(Monthly Pay/30*X,2) | |
Japan | 30 days/month | Worked days + Paid Holidays max at 20 | =Round(Monthly Pay/20*X,2) | |
Norway | 260 days/year | Worked days + Paid Holidays | =Round(Annual Base Pay/260*X,2) | |
Sweden | 365 days/year | Worked days + Paid Holidays max at 30.4167 | =Round(Annual Base Pay/365*X,2) | |
Colombia | 30 days/month | Calendar days valid for employment max at 30 | =Round(Monthly Pay/30*X,2) | |
Chile | 30 days/month | Calendar days valid for employment max at 30 | =Round(Monthly Pay/30*X,2) | |
New Zealand | 173.3333hours/month | Worked days + Paid Holiday | =Round(Monthly Pay/173.33*(X*8),2) | |
Semi-month (1st -28/30/31st) | Mexico | 15*2 days/month | Calendar days valid for employment max at 30 | =Round(Monthly Pay/30*X,2) |
Semi-month 1st Half = 26th-10th 2nd Half = 11th - 25th | Philippines | 261 days/year (5 days with 2 rest day per week) | Worked days valid | =ROUND(Annual Base Pay/261*X,2) |
Bi-weekly (ref →US & CA payroll calendar) | Canada | 260 days/year | Worked days + Paid Holidays | = Round(Annual salary/ 260* X,2) |
United States | ||||
We are working on it!
More Prorata Rules are coming soon
Should any rules errors or expiring policies, please contact us at Horizons Support
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