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how do you wrk out a daily rate from annual salary

(5 Posts)
TracyK Thu 20-Jan-05 20:11:39

from memory I divide annual by either 240 or 260?

Hulababy Thu 20-Jan-05 20:13:46

I guess it is annual salary minus (365-weekends - bank holidays)

zebra Thu 20-Jan-05 20:21:33

52*2=104 weekend days in a year.
supose 20 days holiday entitlement
& eight bank holidays
So 365-104-20-8=233.

261 or 233, then, depending on how you want to count the holidays!

jampots Thu 20-Jan-05 20:40:36

annual salary divided by 52 (weeks) divided again by the amount of days you work in that week.

Eg. 10,000 divided by 52 = £192.30 per week

If you worked 3 days per week your daily rate would be: £192.30 divided by 3 = £64.10

If you worked 5 days per week your daily rate would be: £38.46

Sponge Thu 10-Feb-05 12:32:44

Basic calculation is annual salary/260 (i.e. 52 weeks x 5 days) if you're full time employed as you're paid for bank hols, holiday allowance etc.

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