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Apr 2, 2018 · Hourly rate (8 hours): 837.21 / 8= Php 104.65. Number of hours in excess of 8 hours (125% x hourly rate x number of hours rendered) Overtime hourly rate: 1.25 x 104.65= Php 130.81/hour. What is the computation for overtime pay on a rest day? *same values used in the computation. First 8 hours = 130%; beyond 8 hours = 169% /hour.
Feb 6, 2023 · The Labor Code of the Philippines stands as the law governing employment practices and labor relations in the Philippines. The Philippine labor laws require employers to pay their employees overtime pay for work performed beyond 8 hours a day with additional 25% of their hourly rate on regular working days and 30% of the hourly rate during rest ...
Once you have plotted the nuances of each employees’ attendance, you can move forward to computing for their salaries and wages. Below is a sample computation for work rendered on a holiday spilling over a rest day with night differential and overtime. Notes: Hourly Rate is ₱100. Meal break is from 10:00 PM – 11:00 PM.
Oct 16, 2023 · Here's the special non-working holiday pay computation: (Basic Wage x 130%) + COLA. If your daily rate is ₱1,000 (no COLA), your holiday pay is computed as follows: ₱1,000 x 1.30 = ₱1,300. Computation for Employees Who Worked Overtime. If you work overtime, you'll get an additional 30% of your hourly rate.
Jan 31, 2023 · Regular holidays. If an employee worked overtime on a regular holiday, compute their pay as follows: Total overtime pay = Hourly rate x 200% (2) x 130% (1.3) x 130% (1.3) x Number of hours worked. With a ₱150 hourly rate and two hours of overtime work, the employee’s pay on a regular holiday is ₱1,014.
Work performed beyond eight hours on a holiday or rest day shall be paid an additional compensation equivalent to the rate of the first eight hours plus at least 30% thereof. Undertime Not Offset by Overtime. Article 88 of the Labor Code enunciates that undertime work on a business day shall not be offset by overtime work on any other day.
Jan 2, 2024 · Regular wage plus 30% of the daily rate Philippine Special Non-Working Holiday Pay that Falls on Rest Days: Regular wage plus 50% of the daily rate Philippine Overtime for Regular Workdays: Regular wage plus at least 25% of the hourly wage for every hour in excess of 8 hours for regular workdays: Philippine Overtime for Regular Holidays
