...
- For example if an employee earns £1200 £5200 over a 12 52 week reference period and works 120 520 hours the hourly rate calculation would be
1200 5200 (total pay) / 120 520 (number of hours) = £10 (average hourly rate)
...
- For example if an employee earns £1200 £5200 over a 12 52 week reference period, the calculation of the daily rate will be
1200 5200 (total pay) / 12 52 (number of reference periods) / 5 (days in period) = £20 (average daily rate)
*please see section 5 for further detail