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Jan 15, 2024 · Rest Days or Special Non-Working Holidays. We’ve mentioned that employees get 30% (or 130%) of their fixed hourly rate for working overtime on rest days and special non-working holidays. Use this formula to compute their OT pay on these days: Hourly rate x 130% (1.3) x 130% (1.3) x number of hours worked
How to Compute Overtime Pay All employees required to work beyond the normal 8 hours are entitled to overtime. Overtime pay rates depend upon the the day the work is performed, whether it is ordinary working day, special day, regular holiday or rest day. Ordinary day Overtime. On an ordinary day, the overtime rate per hour is determined as follows:
Jul 13, 2024 · If covered employees perform overtime work, they are entitled to overtime pay of at least 25% their regular hourly rate. 1. Computation. These are the steps on how to compute for overtime pay. The following are the assumptions: 1) The covered employee’s hourly rate is Php100.00. 2) The covered employee regularly works for 8 hours.
Apr 2, 2018 · Special day that coincided on a scheduled rest day: 110% x (150% x basic pay)10,000 x 1.5 = Php 15,000 Special and rest day premium pay (i.e., 20 working days/a month): 1.1 x (15,000/20)= Php 825/day. What is the overtime pay computation for employees working on a night shift during a regular holiday? *same monthly rate applied in the computation
Feb 7, 2023 · On Rest day or Special Holiday Overtime. If you are working on a special holiday or rest day, the computation will be your hourly rate x 1.69%. For example, if your hourly rate is PHP 60.00/hour, your overtime rate would equal (PHP 60.00 x 1.69%) = PHP 101.40/hour. On Special Holiday and at the same time rest day overtime
Feb 7, 2024 · Rest day rate for night shift OT computation. Overtime work during a rest day shall be paid a minimum of plus 30%, again multiplied by 30% of the overtime hourly rate. In the formula, the night shift employee’s pay is as follows: Total Overtime Pay = hourly rate x 130% x 110% x 130% x hours worked beyond 8 hours. Special holiday and a rest ...
Apr 5, 2024 · Overtime pay is a crucial component of how to compute overtime pay and is mandated by Philippine labor law, governed by the Labor Code, as it compensates employees for working beyond regular hours. The law stipulates normal work hours of eight per day or 48 per week, with overtime pay rates varying depending on the day.
Feb 15, 2011 · On rest day, special day or regular holiday (110% x overtime hourly rate for rest days, special days, regular holidays) Computing 13th Month Pay : Total basic salary earned for the year exclusive of allowances, overtime, holiday, and night shift differential pay divided by 12 months = 13th month pay.
Apr 9, 2024 · Since the daily wage is already doubled on a regular holiday, the computation for the hourly rate is based on 200% of the regular daily wage. The formula for calculating overtime pay on a regular holiday is as follows: [ \text{Overtime Pay} = \left( \text{Daily Rate} \times 2 \times \frac{130%}{8} \times \text{Overtime Hours} \right) ]
Overtime pay on rest days. When you work on your rest day, you're entitled to the same compensation as on a special non-working day, which is an additional 30% of your daily rate. If you also work overtime, you'll receive an extra 30% of your hourly rest day rate. Use the formula provided for special non-working days to compute your overtime pay.
