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Wage Computation Table

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cmv mendoza

This document outlines the pay rates for regular days worked, overtime, night shifts, rest days, holidays, and special holidays. It provides the formulas for calculating basic daily pay, cost-of-living allowance (COLA), overtime rates, night shift differentials, holiday pay, and special rates for rest days and designated holidays. The pay rates are calculated based on an employee's daily pay and overtime hours worked on regular days, rest days, holidays and special holidays.

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Wage Computation Table

Uploaded by

cmv mendoza
285 views1 page
This document outlines the pay rates for regular days worked, overtime, night shifts, rest days, holidays, and special holidays. It provides the formulas for calculating basic daily pay, cost-of-living allowance (COLA), overtime rates, night shift differentials, holiday pay, and special rates for rest days and designated holidays. The pay rates are calculated based on an employee's daily pay and overtime hours worked on regular days, rest days, holidays and special holidays.

Original Description:

Compilation of formulas for computing premium pays

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This document outlines the pay rates for regular days worked, overtime, night shifts, rest days, holidays, and special holidays. It provides the formulas for calculating basic daily pay, cost-of-living allowance (COLA), overtime rates, night shift differentials, holiday pay, and special rates for rest days and designated holidays. The pay rates are calculated based on an employee's daily pay and overtime hours worked on regular days, rest days, holidays and special holidays.

Copyright:

© All Rights Reserved
Download as PDF, TXT or read online from Scribd
Download as pdf or txt
285 views1 page

Wage Computation Table

Uploaded by

cmv mendoza
This document outlines the pay rates for regular days worked, overtime, night shifts, rest days, holidays, and special holidays. It provides the formulas for calculating basic daily pay, cost-of-living allowance (COLA), overtime rates, night shift differentials, holiday pay, and special rates for rest days and designated holidays. The pay rates are calculated based on an employee's daily pay and overtime hours worked on regular days, rest days, holidays and special holidays.

Copyright:

© All Rights Reserved
Download as PDF, TXT or read online from Scribd
Download as pdf or txt
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Regular

Day

Wage if worked

Daily Pay + COLA

Did not work


No Pay
Overtime Rate or
OT (Multiplied per
hour of Overtime
(Daily Pay 8)*1.25
rendered and
Added to Wage for
the day)
Night Shift
Differential (Added
(Daily Pay 8) * 0.1
to the Wage for the
Day)
Overtime Night Shift
Rate (Multiplied per
hour of Overtime
and only when OT [(Daily Pay 8)*1.25]
work from 10PM to
* 0.1
6AM then Added to
the Wage for the
Day)

Wage if Rest Day


worked

(Daily Pay * 1.3) +


COLA

Overtime Rate
during Rest Day
Night Shift
Differential during
Rest Day(Added to
the Wage for the
Day)

[(Daily Pay * 1.3)


8] * 1.3
(Daily Pay * 1.3) 8)
* 0.1

(Daily Pay + COLA) *


2
Daily Pay + COLA

(Daily Pay * 1.3) +


COLA
No Pay

(Daily Pay * 1.3) +


COLA
No Pay

Double Holiday
(usually Araw ng
Kagitingan and Holy
Week)
(Daily Pay + COLA) *
4
(Daily Pay+COLA) * 2

[(Daily Pay
8)*2]*1.3

[(Daily Pay
8)*1.3]*1.3

[(Daily Pay
8)*1.3]*1.3

[(Daily Pay
8)*4]*1.3

[(Daily Pay
8)*2]*0.1

[(Daily Pay
8)*1.3]*0.1

(Daily Pay * 1.3) 8)


* 0.1

[(Daily Pay
8)*4]*0.1

[((Daily Pay
8)*2)*1.3]*0.1

[[(Daily Pay
8)*1.3]*1.3]*0.1

[[(Daily Pay
8)*1.3]*1.3]*0.1

[((Daily Pay
8)*4)*1.3]*0.1

(Daily Pay * 1.5) +


COLA

(Daily Pay * 1.3) +


COLA

((Daily Pay 8)*


1.5)*1.3

[(Daily Pay
8)*1.3]*1.3

((Daily Pay 8)* *


1.5) *0.1

[(Daily Pay
8)*1.3]*0.1

Regular Holiday Pay Special Holiday Pay

[(Daily Pay + COLA) *


2] + [(Daily Pay *
2)*0.3]
[((Daily Pay
8)*2]*1.3)*1.3
[[(Daily Pay 8)* 2] +
[(Daily Pay *
2)]]*0.3]*0.1

Rest Day

[(Daily Pay + COLA) *


4] + [(Daily Pay *
2)*0.3]
[((Daily Pay
8)*4]*1.3)*1.3
[[(Daily Pay 8)* 4] +
[(Daily Pay
*4)]]*0.3]*0.1

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