What does pro rata mean??

Question

when a salary is pro rata what does it mean??

Answer 1

It means in proportion.  It's usually used to disguise how little you get paid for a part-time job.  They quote a full time salary and then pay you a proportion of it depending how many hours you work a year compared to a full time employee.

Answer 2

pro rata: adverb - in proportion; in accordance with a certain rate.

ETYMOLOGY: 16c: Latin, meaning 'for the rate'.

It is often used when describing salaries and earnings. For example, a job is advertised as being £64,000 per annum (pro rata) based on a 35 hour working week, but the post is only part time at 16 hours per week, so you would only actually earn £29,257.14 per annum. 16/35 x 64,000 = 29,257.14

Answer 3

Simply means literally 'for the rate' (as in ratio or proportion) of whatever the annual salary is. If the time you work is say 6 months, then you should receive exactly a half of the annual salary (you will probably receive more because of how the tax is deducted). You need to check what the working weeek is and any other terms and conditions. A better way of stating it would be the hourly rate, but it makes little difference as you can factor it up or down to the amount you are going to be working..

Answer 4

Simply means "in proportion", so the quoted figure would most likely be the annual salary, but your take home pay would be limited by the hours you are putting in.

Answer 5

according to inflation rate

Answer 6

It is normally used in Business terms meaning to calculate according to the individual situation.

Example - Let's say your salary is $1500 per month. But you worked only 10 days. The calculation is as follows -

10 (days worked in a month)

--------------------------------------...  x $1500 = $681 (your final salary)

22 days (official work days in a month)

Hope this is clear for you.

;p

Answer 7

divide according to appropriate percentages.  Many variables but in the workplace this is expected to mean the more profit you personally make for the company the greater your share of the Annual Bonus.   If someone is offering to pay you a Salary it should be a fixed amount...commission would be pro rata    ...ratio of commission according to profit made by you for company.

Answer 8

a salaried position of 20000 per year would be pro rate 10000 if you worked part time (half the hours). They use it to make it look like you get paid more.

Answer 9

check out

http://en.wikipedia.org/wiki/Pro-rata

Answer 10

It means depending on your rota - so depending on how many hows you are rota-ed in for every week.

Another words if you were in full time then you would get the full salary if not then they deduct the hours you are not on the rota for.