How is my daily salary calculated?

If you're a salaried employee (rather than hourly), we calculate your earnings a little differently and create a daily salary for you, using the following formula:

Annual salary / 12 = Monthly Accrual

Monthly Accrual / Number of days in the month = Daily Accrual

This means that you may find the daily accrual amount may vary from month to month due to the varying number of days.

NOTE: The number of days can be represented by total days or working days in the month - this is defined by your employer. 

You can find a breakdown of your salary calculation by clicking on the ‘Earnings’ tile in Track.