On an ordinary day, the overtime rate per hour is determined as follows:
Let’s say the employee hourly rate is P 57.00/hour, then the overtime rate is P 71.25
P 71.56 = (P 57.00 X 1.25%)
Let’s say the employee hourly rate is P 57.00/hour to determine the overtime rate per hour:
Overtime rate/hour = (hourly rate on rest day and special holiday X 169%)
P 96.33 = (P 57.00 X 1.69%)
Let’s say the employee hourly rate is P 57.00/hour to determine the overtime rate per hour:
Overtime rate/hour= (hourly rate on rest day and special holiday X 169%)
P 96.33 = (P 57.00 X 1.69%)
Let’s say the employee hourly rate is P 57.00/hour to determine the overtime rate per hour:
Overtime rate/hour = (hourly rate on rest day and special holiday X 195%)
P 111.15 = (P 57.00 X 1.95%)
Let’s say the employee hourly rate is P 57.00/hour. To determine the overtime rate per hour:
Overtime rate/hour = (hourly rate on rest day and special holiday X 260%)
P 148.20 = (P 57.00 X 2.60%)
Let’s say the employee hourly rate is P 57.00/hour to determine the overtime rate per hour:
Overtime rate/hour = (hourly rate on rest day and special holiday X 338%)
P 192.66 = (P 57.00 X 3.38%)
Let’s say the employee hourly rate is P 57.00/hour to determine the overtime rate per hour:
Overtime rate/hour = (hourly rate on rest day and special holiday X 390%)
P 222.30 = (P 57.00 X 3.90%)
Let’s say the employee hourly rate is P 57.00/hour to determine the overtime rate per hour:
Overtime rate/hour = (hourly rate on rest day and special holiday X 507%)
P 288.99 = (P 57.00 X 5.07%)
Please raise a ticket to Finance for any concerns or clarifications.