Business & Finance1 min ago
�12,850 pro rata per annum 0.31 fte
3 Answers
hi, i recived an application form today. i would just like to know what �12,850 pro rata per annum 0.31 fte means?
i understand pro rata but i don't understand what 0.31 fte means?
i would also like to know how much i would be payed per month. the hours of work are 11.75 per week.
thank you.
i understand pro rata but i don't understand what 0.31 fte means?
i would also like to know how much i would be payed per month. the hours of work are 11.75 per week.
thank you.
Answers
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FTE means Full time equivalence. As this is a part time position the 0.31 means just under a third of a full time week. You are working 11.75 hrs a week whereas an average full timer works 37. Think of it as a percentage. 31% of a working week is the hours.
The hourly rate is �6.58
Weekly pay on 11.75 hrs is �77.31
monthly, on a 4 week month �309.26
BEFORE TAX !!!!!
The hourly rate is �6.58
Weekly pay on 11.75 hrs is �77.31
monthly, on a 4 week month �309.26
BEFORE TAX !!!!!
As Badgerchops said. FTE (full time equivalent) salary would be £12,850, so that is the going rate for that job if you cover full hours.
But, the hours you are being employed for work out as 0.31 of a full-time employee. So your expected annual income (pre-tax & NI) is 0.31 of £12,850.
This is equivalent to:
£3,983.50 p.a. (per year) (before stoppages)
or £331.95 per month (before stoppages)
or £76.60 per week.
As this weekly rate is below the threshold for National Insurance, and below the figure for weekly tax allowances, if it is your only source of income you should receive the above figures in full.
But, the hours you are being employed for work out as 0.31 of a full-time employee. So your expected annual income (pre-tax & NI) is 0.31 of £12,850.
This is equivalent to:
£3,983.50 p.a. (per year) (before stoppages)
or £331.95 per month (before stoppages)
or £76.60 per week.
As this weekly rate is below the threshold for National Insurance, and below the figure for weekly tax allowances, if it is your only source of income you should receive the above figures in full.
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