retro

Polish translation: wynagrodzenie z mocą wsteczną/podwyżka z wyrównaniem wstecznym

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase:retro
Polish translation:wynagrodzenie z mocą wsteczną/podwyżka z wyrównaniem wstecznym
Entered by: Frank Szmulowicz, Ph. D.

16:30 Jun 24, 2017
English to Polish translations [PRO]
Bus/Financial - Finance (general)
English term or phrase: retro
payslip, ale ze Szwajcarii

current gross amount
***retro*** amount
social insurance
taxes
post tax deductions
net pay

earnings
***retro*** hours/units
retro amount
rate
hours/units
current amount
makawa
Local time: 17:28
wynagrodzenie z mocą wsteczną/podwyżka z wyrównaniem wstecznym
Explanation:
The employee is paid with account for a raise the employee received earlier.

--------------------------------------------------
Note added at 22 mins (2017-06-24 16:52:49 GMT)
--------------------------------------------------

Back wages are not the same as retroactive pay. Back wages, or back pay, refers to unpaid wages that are owed to an employee for a time period in which they were not paid at all. On the other hand, retro pay usually has to do only with a difference in wage rates

--------------------------------------------------
Note added at 24 mins (2017-06-24 16:55:02 GMT)
--------------------------------------------------

Do any of these scenarios sound familiar?

You have an employee who earned a pay raise, but you forgot to increase their wages during the correct pay period.

You miscalculated an employee’s wages for the hours they worked, causing you to give the employee lower wages during a pay period.

An employee earned a big commission on a sale, but you cannot pay the commission until the customer pays. You need to wait until a future pay period to pay the commission.

In all of these scenarios, the employees should have earned more than what you paid them during previous pay periods. You owe your employees retro pay. What is retro pay?

What is retro pay?

Retro pay, or retroactive pay, is compensation related to a previous pay period. You give retro pay later than when the initial pay took effect. Retro pay and back wages are different. Back wages, or back pay, is wages you owe an employee for a pay period when you did not pay the employee at all.

You might need to make a retro adjustment for:

pay raises
miscalculated wages
miscalculated overtime earnings
commissions
bonuses
Selected response from:

Frank Szmulowicz, Ph. D.
United States
Local time: 12:28
Grading comment
ta
4 KudoZ points were awarded for this answer



Summary of answers provided
3wynagrodzenie z mocą wsteczną/podwyżka z wyrównaniem wstecznym
Frank Szmulowicz, Ph. D.
1zaległy
Jacek Kloskowski


Discussion entries: 4





  

Answers


20 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5
wynagrodzenie z mocą wsteczną/podwyżka z wyrównaniem wstecznym


Explanation:
The employee is paid with account for a raise the employee received earlier.

--------------------------------------------------
Note added at 22 mins (2017-06-24 16:52:49 GMT)
--------------------------------------------------

Back wages are not the same as retroactive pay. Back wages, or back pay, refers to unpaid wages that are owed to an employee for a time period in which they were not paid at all. On the other hand, retro pay usually has to do only with a difference in wage rates

--------------------------------------------------
Note added at 24 mins (2017-06-24 16:55:02 GMT)
--------------------------------------------------

Do any of these scenarios sound familiar?

You have an employee who earned a pay raise, but you forgot to increase their wages during the correct pay period.

You miscalculated an employee’s wages for the hours they worked, causing you to give the employee lower wages during a pay period.

An employee earned a big commission on a sale, but you cannot pay the commission until the customer pays. You need to wait until a future pay period to pay the commission.

In all of these scenarios, the employees should have earned more than what you paid them during previous pay periods. You owe your employees retro pay. What is retro pay?

What is retro pay?

Retro pay, or retroactive pay, is compensation related to a previous pay period. You give retro pay later than when the initial pay took effect. Retro pay and back wages are different. Back wages, or back pay, is wages you owe an employee for a pay period when you did not pay the employee at all.

You might need to make a retro adjustment for:

pay raises
miscalculated wages
miscalculated overtime earnings
commissions
bonuses

Frank Szmulowicz, Ph. D.
United States
Local time: 12:28
Works in field
Native speaker of: Native in EnglishEnglish, Native in PolishPolish
PRO pts in category: 1109
Grading comment
ta
Login to enter a peer comment (or grade)

35 mins   confidence: Answerer confidence 1/5Answerer confidence 1/5
zaległy


Explanation:
Retroactive or back pay refers to income owed to an employee from a previous pay period. Retroactive pay may happen for a number of reasons, such as incorrect salary compensation or wages for hours worked, or a pay increase. Whatever the reason, as a small business owner, you’re supposed to ensure that the respective employee receives the correct amount of retroactive pay.
Determine Hours Paid
Before you begin computing the actual amount due for retroactive pay, you must first figure out what the employee actually received. For example, during the last weekly pay period you compensated the employee for 35 hours, but she should have been paid for 40. On the upcoming weekly payroll, pay the employee for five hours plus all hours worked in the current pay period.

Figure Hourly Rate
After computing the number of hours due, determine the rate of pay you’re supposed to pay them at. For example, compensate regular hours at the employee’s regular hourly pay rate and overtime back pay at his overtime rate for the pay period the retroactive pay is effective. For example, if the employee is owed five regular hours from the previous pay period and his pay rate for that pay period was $10 per hour, compensate the five hours at that rate, which would equal retroactive pay of $50.

Compute Retroactive Salary
To arrive at retroactive amount for a salaried employee, subtract what she was paid from what she should have received. For example, she normally receives $2,000 biweekly; however, in the prior pay period she received $1,800. This means that she’s due retroactive pay of $200.

Retroactive Pay Increase
If an employee receives a pay increase that is effective in a prior pay period, the difference between what she was paid and should have been paid is his retroactive pay. For example, he used to earn $11 per hour. He received a pay increase of $1 that was effective in the last two biweekly pay periods in which he worked 80 hours each. This means that he was paid 80 hours each biweekly pay period at the old rate of $11 when he should been paid at $12 per hour. Multiply the pay rate difference of $1 by 160 hours (80 hours x 2 pay periods) to arrive at retroactive pay of $160. Pay his hours for the current biweekly pay period at the new rate of $12.

http://smallbusiness.chron.com/compute-retroactive-pay-31932...

Jacek Kloskowski
United States
Local time: 12:28
Specializes in field
Native speaker of: Native in PolishPolish, Native in EnglishEnglish
PRO pts in category: 174
Login to enter a peer comment (or grade)



Login or register (free and only takes a few minutes) to participate in this question.

You will also have access to many other tools and opportunities designed for those who have language-related jobs (or are passionate about them). Participation is free and the site has a strict confidentiality policy.

KudoZ™ translation help

The KudoZ network provides a framework for translators and others to assist each other with translations or explanations of terms and short phrases.


See also:
Term search
  • All of ProZ.com
  • Term search
  • Jobs
  • Forums
  • Multiple search