Weighted calculation on the basis of working days (Monday - Friday)

If in the CLA you specify that you will use the weighted period calculation on the basis of working days, then Profit looks at the actual number of working days from Monday to Friday inclusive and the entry’s effective date. This results in the following calculation:

• Weighted period amount = (Number of working days / Number of working days per period) x Old period value

Profit only makes these calculations if the entry becomes effective after the first day of the relevant period. The new value applies to the next period.

Example:

An employee’s salary is 2,000. Employees are paid on a monthly basis.

You increase the salary to 2,500 on 26 January. January has 22 working days.

January period amount = (18/22) x 2,000 + (4/22) x 2,500 = 2,090.91

A change in the part-time percentage can also be calculated this way.

Example:

An employee’s part-time percentage is 80%. Employees are paid on a monthly basis.

You change the part-time percentage to 65% on 24 March. March has 22 working days.

March part-time percentage = (18/22) x 80 + (4/22) x 65 = 77.27%

The above method also applies when an employee has multiple salary or timetable lines in the same period. Profit performs a weighted calculation for every line. Profit is unable to determine the correct value when the new timetable and salary lines coincide.