Payroll and OTL - EBS (MOSC)

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Need assistance in Payroll formula!!!!(Shared Parental Leave - Part week payment

edited Apr 12, 2016 2:45PM in Payroll and OTL - EBS (MOSC) Question

Need assistance in Payroll formula!!!!(Shared Parental Leave - Part week payment

Example:

Weekly rate of ShPP £138.18

ShPP weeks run from Wednesday to Tuesday

A monthly paid employee paid on the last day of each month.

The monthly ShPP payment for July 2015 would consist of 4 full weeks of ShPP and 3 days.

4 x £138.18 = £552.72 PLUS part week payment of (138.18 x 3) / 7 = £59.22 (for 29/07/15 – 31/07/15)

Total ShPP payment for July = £611.94

The remaining part week payment for ShPP week 29/07/15 – 04/08/15 is (138.18 x 4) / 7 = £78.96 and is added to any other payments of ShPP that are due in August.

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