How to calculate Spot salary

Calculating an Annual Spot salary from an hourly rate.

To calculate the spot salary annual figure you will need the hourly rate payable.

Step 1: Take the hourly rate such as £15

Step 2: multiply by max weeks set by the school (Usually 52 or 52.143)

Step 3: Then Multiply by Max job role hours (Usually 32.5 or 37)

Formula= Hourly rate x max weeks of the specific school x max job role hours = Spot salary.

Example: £15 x 52.143 x 32.5 = £25,419 .71 Annum

Calculating an hourly rate based on an Annual Spot salary.

To calculate the Hourly rate you will need the spot salary annual figure payable.

Step 1: Take the Annual salary such as £25,000

Step 2: Divide by max weeks set by the school (Usually 52 or 52.143)

Step 3: Then Divide by Max job role hours (Usually 32.5 or 37)

Formula= Annual salary rate / max weeks of the specific school / max job role hours = Spot salary hourly rate

Example: £25,000 / 52.143 / 32.5 = £14.75 Hourly rate