The formula to calculate the Prorated PTO is:
\[ \text{Prorated PTO} = \left( \frac{\text{PTO per year}}{\text{Total working days in a year}} \right) \times \text{Total working days until end of year} \]
where \( \text{Prorated PTO} \) is the calculated PTO for the remaining part of the year in days, \( \text{PTO per year} \) is the total PTO given in a year in days, \( \text{Total working days in a year} \) is the total number of working days in a year in days, and \( \text{Total working days until end of year} \) is the total number of working days left until the end of the year in days.
Prorated PTO (Paid Time Off) is a method of calculating the amount of paid time off an employee is entitled to, based on the proportion of the year they have worked. This is commonly used for employees who start or leave a job partway through the year, or for part-time employees. The total annual PTO is divided by the number of workdays in the year to determine the amount of PTO earned per day, and then multiplied by the number of days the employee has worked or is expected to work.
Let's assume we have the following values:
Step 1: Divide the total PTO given in a year by the total number of working days in a year:
\[ \frac{20}{250} = 0.08 \text{ days per working day} \]
Step 2: Multiply by the total number of working days left until the end of the year:
\[ 0.08 \times 100 = 8 \text{ days} \]
Therefore, the Prorated PTO is \( \text{Prorated PTO} = 8 \) days.
