If an employee wants to start working part time, you’ll need to work out their salary pro rata. Quickly figure this out with our pro rata salary calculator.
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The Calculations below will show UNEARNED (return premium) factors. The default will display short rate factor for a one year policy which is 90% of pro rata factor. Please keep in mind that Commonwealth Insurance Partners, LLC has provided calculator as a service to its clients, with no war...
"Pro-rata" refers to parceling something out proportionally. For example, you might prorate monthly rent payments if you only rent an apartment for part of the month or have your biweekly salary prorated if you start or leave your job in the middle of a pay period. In insurance, pro-rat...