For some years now, the calculation of contributions for part-time workers has been on a par with that of full-time workers. This means that two coefficients must be applied to calculate the number of days of part-time contributions: the part-time coefficient and the overall part-time coefficient, which are used to determine the minimum contribution periods that would make it possible to receive different benefits.
The importance of calculating the number of days of part-time contributions lies precisely in this aspect, since the maternity and paternity benefit, retirement benefit or any of the disability benefits provided for by law will depend on it.
How is the calculation of part-time contribution days made?
The calculation of part-time contribution days must be known, both for workers who come to the company that has hired them to work from Monday to Friday, but on a reduced schedule, and for those who work fewer days per week but on a full-time basis.
Thus, in either case, the calculations to be made would be as follows:
- Seniority in the part-time post. It is necessary to know the period in which the employee has provided services to the company in this way, on the basis of a part-time contract.
- Percentage of bias. It is important to find out this coefficient, which reveals the percentage of the employee's working hours as compared to a full working day (which would be 100%).
- Actual contribution days. It is time to find out how many there are, and to do so, it would be enough to apply the coefficient to the period of employment on a part-time contract. Care should be taken to look carefully at the date on which the part-time worker starts working for the organisation, as it could be that, up to that point, for some reason he/she had previously worked full-time for the organisation, even in the same position. The result of the calculation of part-time contribution days is a figure to be used for the following operation.
- Eligible contribution days. With the number resulting from the part-time contribution days calculation in front of you, it is necessary to find out whether the worker has also contributed on a full-time basis.. If you have provided services in both modalities, the resulting part-time coefficient must be added to the days you have paid full-time contributions. The result of this operation is the total number of contribution days credited.
- Percentage of days contributed in working life. This is one of the most important moments in the calculation of part-time contributory days as the number of days worked is about to be discovered., the number of days that have been credited as having contributed throughout the employee's working life. This is what is known as the global coefficient of partiality.
- Minimum contribution period required. This result removes any doubt as to whether the worker will be eligible for benefits. For this calculation, it is necessary to apply the overall coefficient of partiality to the generally regulated period. This completes the calculation of part-time contribution days and sheds light on the worker's future in terms of social security benefits.
As with all accounting in the company, in this case, attention to detail and proper management benefit the calculations, minimising errors and avoiding delays in the process.
