Skip to main content
The Workplace

You are not logged in. Your edit will be placed in a queue until it is peer reviewed.

We welcome edits that make the post easier to understand and more valuable for readers. Because community members review edits, please try to make the post substantially better than how you found it, for example, by fixing grammar or adding additional resources and hyperlinks.

12
  • 10
    Just for clarity here, if there is 1 penny of rounding, and 2000 working hours in a year, does this mean the company is shortchanging employees by 20 pounds each year due to rounding?
    – Gregory Currie
    Commented Jul 3 at 8:14
  • 7
    If so, that's simply not good enough. Each paycheque should use the correct calculation, and that is the one that appears in the contract.
    – Gregory Currie
    Commented Jul 3 at 8:20
  • 2
    This makes a strong argument for an integrated system to handle this consistently.
    – cdkMoose
    Commented Jul 3 at 13:16
  • 16
    I have a hard time understanding the issue. Usually people are either paid a fixed amount (per week, month or year), or they are paid by the hour. How can you have both in the contract/offer?
    – jcaron
    Commented Jul 3 at 16:23
  • 4
    I am probably miss something. But how can you even reliable calculate between a yearly and an hourly rate back and forth? Not all years have the same number of work days. Not even all years have the same number of days. It is obvious to me that when I get paid a yearly rate then my hourly rate will be slightly lower in a leap year, because I will (likely) need to work one day of 8 hours more in a leap year.
    – spickermann
    Commented Jul 5 at 6:57