For Hong Kong payroll, salary proration can be calculated by Calendar Days or Working Days. (Note: This will depend on your company's policy)
Before processing payroll in Talenox, you will need to choose 1 of the options in Profiles > Company Details > Payroll Details.
To calculate an employee's prorated salary, you must take into account these scenarios:
An employee who starts work after the 1st day of the month
An employee who resigns before the last day of the month
An employee who takes no pay leave of one or more days in the month
The salary proration calculation formula can be used in the following situations:
[(Monthly gross rate of pay) / (Total number of working days** in that month)] x Total number of days the employee actually worked in that month.
[Monthly gross rate of pay x (Remaining calendar days in that month since Hired Date)] / (Total number of calendar days in that month)
Alternatively, you send use our very own Calculator to quickly calculate accurate salary proration for your employees. 😁