how to calculate the over time ?
- nurzanatul
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7 years 11 months ago #115
by nurzanatul
how to calculate the over time ? was created by nurzanatul
hi. im new here. this month i have to calculate the salary for all workers in my office. can you tell me the correct calculation for over time?
basic / 26days or 30day@31days?
rate overtime for weekday,weekend and public holiday?
if the no of overtime is 2hours and half, how to calculate it?
tq.
basic / 26days or 30day@31days?
rate overtime for weekday,weekend and public holiday?
if the no of overtime is 2hours and half, how to calculate it?
tq.
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7 years 11 months ago #116
by Kap-Chew
Replied by Kap-Chew on topic how to calculate the over time ?
Hi,
To calculate OT, you have to determine the OT multiplier first. Normally OT is calculated at 1.5 times the normal rate, but it would be 2 times during public holidays.
To calculate the hourly rate for the purpose of OT, you may consider:
case 1:
assuming in a year, No of Public Holidays = 16, No of Non Work Days (i.e. weekend for 5-day week) = 104
Total no of work days = 365 - 16 - 104 = 245
Average work days per month = 245 / 12 = 20.42
Then for OT base rate = Salary / 20.42 / 8
case 2:
Calculate work day on a monthly basis, assuming in a particular month, No of Public Holidays = 1, No Of Non Work Days = 9
Total no of work days for current month = 31 - 1 - 9 = 21
Then for OT base rate = Salary / 21 / 8
To calculate OT, you have to determine the OT multiplier first. Normally OT is calculated at 1.5 times the normal rate, but it would be 2 times during public holidays.
To calculate the hourly rate for the purpose of OT, you may consider:
case 1:
assuming in a year, No of Public Holidays = 16, No of Non Work Days (i.e. weekend for 5-day week) = 104
Total no of work days = 365 - 16 - 104 = 245
Average work days per month = 245 / 12 = 20.42
Then for OT base rate = Salary / 20.42 / 8
case 2:
Calculate work day on a monthly basis, assuming in a particular month, No of Public Holidays = 1, No Of Non Work Days = 9
Total no of work days for current month = 31 - 1 - 9 = 21
Then for OT base rate = Salary / 21 / 8
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