How much is £8 an hour as a full time annual salary?

Discussion in 'education & employment' started by Slo-mo, Jan 25, 2018.

  1. Slo-mo

    Slo-mo Banned Banned

    I do realise it's not as simple as 8*37.5*52 because of the way holiday pay works.

    But how do you work it out?
    Badgers likes this.
  2. Pickman's model

    Pickman's model Every man and every woman is a star

    it is £15,600 as holiday is paid
    Slo-mo and Badgers like this.
  3. dessiato

    dessiato Ua Mau ke Ea o ka ʻĀina i ka Pono

    It ought to be as simple as that as an annual salary doesn't vary for holiday periods. It should be an annual figure divided into pay periods. With this assumption the figures you quote make it £15600 pa
    Slo-mo, Badgers and Pickman's model like this.
  4. kabbes

    kabbes "A top 400 poster"

    I always multiply by 2000. It overstates it a bit, but it’s not a bad estimate and the maths is easy to do in your head!

    Similarly, if I have an annual salary then dividing by 2000 to get the hourly equivalent is nice and easy.
  5. Puddy_Tat

    Puddy_Tat meh

    it also depends whether there's opportunity for / expectation of overtime, whether there's any enhanced rates, e.g for weekend work, any bonus scheme.

    and what they mean by full time - can be 35 or 40 or more hours a week
    muscovyduck and Slo-mo like this.
  6. Slo-mo

    Slo-mo Banned Banned

    37.5 hours. Office based role so I'm assuming no overtime. That may be wrong but it's better to assume not.
  7. ffsear

    ffsear Well-Known Member

  8. Slo-mo

    Slo-mo Banned Banned

  9. Chemical needs

    Chemical needs stirring

  10. Puddy_Tat

    Puddy_Tat meh

    To be pedantic, there are 52.14 weeks in a year not 52
    crossthebreeze and Slo-mo like this.

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