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Job Creation Calculation when paying fixed monthly salary

Only for UK Tier 1 (Entrepreneur) points system. This route is now closed to new applicants.

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snt
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Job Creation Calculation when paying fixed monthly salary

Post by snt » Tue Jul 16, 2019 10:25 pm

Hi, I pay my employees a fixed amount on a monthly basis. My extension is due by mid July 2020 and would like to calculate if the wages are inline with HO guidelines of 30 hrs/week & 130 hrs/month OR whether I need a revision.

How does the calculation work in case the employees are being paid a fixed amount monthly?

Thanks in Advance.
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marcnath
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Re: Job Creation Calculation when paying fixed monthly salary

Post by marcnath » Tue Jul 16, 2019 10:44 pm

snt wrote: ↑
Tue Jul 16, 2019 10:25 pm
 Hi, I pay my employees a fixed amount on a monthly basis. My extension is due by mid July 2020 and would like to calculate if the wages are inline with HO guidelines of 30 hrs/week & 130 hrs/month OR whether I need a revision.

How does the calculation work in case the employees are being paid a fixed amount monthly?

Thanks in Advance.
You specify the hourly rate. Monthly salary/hourly rate = hours
My comments are in no way meant to be advisory. I have no professional knowledge of immigration. These are based on my own experience, convictions and personal interpretation of publicly available information.
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snt
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Re: Job Creation Calculation when paying fixed monthly salary

Post by snt » Tue Jul 16, 2019 11:00 pm

marcnath wrote: ↑
Tue Jul 16, 2019 10:44 pm
 You specify the hourly rate. Monthly salary/hourly rate = hours
so if I pay someone £1,200 monthly, I have choice either to show number of hours as (roughly 140) if I show hourly rate as £8.50 per hour OR I can show the number of hours as (roughly 145) if I show hourly rate as £8.25?
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marcnath
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Re: Job Creation Calculation when paying fixed monthly salary

Post by marcnath » Wed Jul 17, 2019 8:28 am

snt wrote: ↑
Tue Jul 16, 2019 11:00 pm
marcnath wrote: ↑
Tue Jul 16, 2019 10:44 pm
 You specify the hourly rate. Monthly salary/hourly rate = hours
so if I pay someone £1,200 monthly, I have choice either to show number of hours as (roughly 140) if I show hourly rate as £8.50 per hour OR I can show the number of hours as (roughly 145) if I show hourly rate as £8.25?
Correct. As long as the hourly rate is above National minimum.

You may want to check against employment contracts and not contradict anything there but otherwise, up to you.
My comments are in no way meant to be advisory. I have no professional knowledge of immigration. These are based on my own experience, convictions and personal interpretation of publicly available information.
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