How do you calculate a salary for a partially worked month?
I started a new job (helping out my old boss in the establishment of his company) on 5th August. We agreed a monthly rate for full time work and I worked every working day from the 5th until the end of the month. Sounds like a daft question but how do companies calculate the salary in this case? Should it be prorated on a base of 31 calendar days or the number of working days that month? I think the latter i.e. 22 week days in August, however, if anyone knows for sure this would be appreciated.
Thanks
<em>edited by UmmShamsa on 04/09/2012</em>
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