Fixed term contract salary calculation - anyone know how to do this?

(6 Posts)
maaustin2014 Thu 09-Jun-16 11:49:27

I used to know how to do this but it's been ages since I've had to do it so my befuddled brain has failed me.

My new employee has been given a three month fixed term contract. The annual salary will be £14,140 per annum. How can I calculate what the pro-rata amount (for the three months of employment) be so that they can see what they will earn for the three months in gross pay.

Sorry I realise I sound incredibly daft asking as it's probably really easy to do it. I'm at an age that I have no shame in asking for help any more!!

Thanks to anyone who can help. I promise to write it down in my "special book of HR calculations" so I will know for the future (I do really have one).

Tatiana11235 Thu 09-Jun-16 11:55:43

You can use this online calculator - www.thesalarycalculator.co.uk/salary.php

It says it'll be take home £1,065.20 per month so £3,195.60 gross for three months

ForTheLoveOfSocks Thu 09-Jun-16 12:01:01

14140 / 12 x 3

Tatiana11235 Thu 09-Jun-16 12:03:18

Yes, what ForTheLove said for before tax and what I said above for after tax.

titchy Thu 09-Jun-16 12:30:39

Three months is a quarter of a year so they'll earn a quarter of the annual salary.

Iamabuyingbootsaddict Thu 09-Jun-16 12:35:19

Thanks everyone for your help. You've all made it seem much easier than it was in my head, proving I probably need a new head!!

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