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Something I picked up on a few months ago, bear with me as I try explain as best I can... The company where I have worked for the last 7 years is paying me my monthly wage as follows... Hourly w… Read More

Something I picked up on a few months ago, bear with me as I try explain as best I can...

The company where I have worked for the last 7 years is paying me my monthly wage as follows...

Hourly wage multiplied by my contracted hours for the week then multiplied by 52 (weeks in a year) then that amount is divided by 12 for my monthly wage.

However!

There's 7 days in a week 52 weeks in a year, right?

BUT theres 365 days in a calendar year and 366 in a leap year...

365 days into 52 weeks doesn't fit... theres actually 52 weeks AND 1 day per calendar year and 52 weeks and 2 days per leap year.

So I've realised I am actually LOOSING a days pay each year I work for this company, as every year i'm paid for is only 52 weeks.

So I'm looking for feedback - Am I right or completely misguided? If I am right what can I do about it?

Are any of you paid the same way - weekly wage multiplied by 52 weeks and divided by 12 for the months?

Are any of you paid this way - weekly wage multiplied by 52.18 (takes into account the extra day) and then divided by twelve months?

Feedback on this really will be hugely appreciated, I'd to know where I stand before I start kicking up a fuss, I'm not talking a huge diference in my pay if I'm right , but its the principle :p

The company where I have worked for the last 7 years is paying me my monthly wage as follows...

Hourly wage multiplied by my contracted hours for the week then multiplied by 52 (weeks in a year) then that amount is divided by 12 for my monthly wage.

However!

There's 7 days in a week 52 weeks in a year, right?

BUT theres 365 days in a calendar year and 366 in a leap year...

365 days into 52 weeks doesn't fit... theres actually 52 weeks AND 1 day per calendar year and 52 weeks and 2 days per leap year.

So I've realised I am actually LOOSING a days pay each year I work for this company, as every year i'm paid for is only 52 weeks.

So I'm looking for feedback - Am I right or completely misguided? If I am right what can I do about it?

Are any of you paid the same way - weekly wage multiplied by 52 weeks and divided by 12 for the months?

Are any of you paid this way - weekly wage multiplied by 52.18 (takes into account the extra day) and then divided by twelve months?

Feedback on this really will be hugely appreciated, I'd to know where I stand before I start kicking up a fuss, I'm not talking a huge diference in my pay if I'm right , but its the principle :p

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(34) Jump to unreadLockedThere was a 53rd week last year in our companies finance but we were only paid the usual 52 week as always.

I have tried querying but always seem to be swept aside or can never get a straight answer so thats why I am looking for feedback from any here who might know where I stand with this :)

Hiya Ace, how are you doing?

no i lie....

I have a salary

My hourly rate is then multiplied by 69.33 to give my monthly salary.

If you are salaried and on say £14k and it works out at so much per hour....you don't get that extraday cos you are contracted to work whatever.

If you don't like it - pull a sickie day during a leap year!!!

I did report this to our Human resources who dragged it out over 8 months and never got back to me, I was chasing them up every month until finaly I was told it was "decided at a board level" we wouldn't be paid it.

I also sent off to this Q&A thing we have, I asked two questions in total, this was the first query and then followed by another unrelated question. When the monthly newsletter came out they ommited this question and answered the other. Is this proof they're burying their head in the sand?

Thanks for all the comments btw, I appreciate it.

the catch is, you might lose depending on how you're paid

I did report this to our Human resources who dragged it out over 8 months and never got back to me, I was chasing them up every month until finaly I was told it was "decided at a board level" we wouldn't be paid it.

I also sent off to this Q&A thing we have, I asked two questions in total, this was the first query and then followed by another unrelated question. When the monthly newsletter came out they ommited this question and answered the other. Is this proof they're burying their head in the sand?

Thanks for all the comments btw, I appreciate it.

by giving you the money, they set a precedent because they would probably have to backdate it

-Who we killing?

Thats what I thought and why I assume they are dragging their heels or blatantly ignoring me and my colleagues.

We're begining to wonder whether to actually inform other branches of this and see what could happen, but kind of feels like drawing a huge target on our chests

If they're killed who'll pay up?

there would be no-one around so just push the button and you can pay yourself as much as you want

My hourly rate is then multiplied by 69.33 to give my monthly salary.

Sorry Suze I missed your post...

You're in the same boat as me, it should be 52.18 they multiply your hours by to include the 365th day of the year

You have to work an extra hour when the clocks go back, and a hour less when the clocks go forward. Work doe not pay the extra hour, or take away.. Depends on who the weekend falls on which employee.

Hmmmn. Joined especially to refresh this old thread. (_;)