HRSINGAPORE Community Discussions
AWS payout calculation
QUESTION
Dear HR Professionals,
May I know how we calculate the AWS payout if our employees have two different salaries within the same year?
Example:
Monthly salary Jan-April = $4000
Monthly salary May-Dec = $3500
Do we pro-rate them or take the latest salary ($3500) for the entire year?
Thank you for the advice.
Kristine
HR Poll: AWS payout calculation answer is
Pro-rate: 37.89%
Take the latest salary: 58.95%
Not sure: 3.16%
REPLIES & COMMENTS
Based on the current salary - May
The quantum of AWS is usually based on the last drawn salary of the employee. Hope this helps - Janet
Take the latest salary - Joanne
Latest salary - Stephanie
Our company uses the latest salary, but I do see companies use the pro-rate method. So it depends on your management - Yang
Use the latest salary - LAT
Latest salary ($3500) for the entire year - YSC
Hi, Kristine As I practice it's best to prorate both the wages accordingly. This would be fair to all - Hema
Check your company policy. Usually using the latest salary as the basis - Jade
Depends on the company's direction/budget, if the budget allows and to be fair to staff, prorate is the better method. - Carol
It depends on the terms of the contract or company policy but usually, the latest rate is used. - MB
Take the latest salary - Elsie
Prorate - Ginna
To be fair for the employee, it should be pro-rated - Jossie
We use the latest salary - Christina
Pro-rate - SL
Pro-rate or based on latest salary both are fine. Depending on your company policy. - MY
HRSINGAPORE | HR Community Message | AWS payout calculation
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