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This question is about employer.
What is prorated pay?
Prorated pay is when you divide an employee's wages proportionally with what they actually worked. To calculate your prorated salary, you must first figure out the hourly rate. Divide the annual salary by the number of hours you work each week.
For example, if you make $50,000 per year and work 40 hours per week-2,080 hours-your hourly rate is $24.04. Next, multiply that by the number of days worked in the pay period. If you started working one week into the pay period, working 40 hours that first week, your prorated salary-before taxes and other decisions-is $961.60
When calculating your prorated salary, ignore any hours you will not be working due to vacations or sick leave. Since this is already included in paid time off. Something to consider, many employers have a probationary period for new hires, and employees who take time off before that probationary period ends will have to take time off unpaid.
Employers prorate salaries for several reasons and understanding how they intend to do so in advance can open up opportunities to negotiate your prorated salary or other benefits. Some employers may also prorate annual bonuses based on when the employee started.
If an employee accepted a position halfway through the fiscal year, for example, the employer may prorate the bonus and give only half of the bonus.
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