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> Calculation for Daily Rate

ncs_malaysia
post Dec 7 2006, 10:48 AM


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Computation of Daily Rate. The following formula is provide in my HR guidelines. In my opinion, the formula isn't correct. What u all think?

Thanks for your advice.


a) To determine the daily rate of monthly paid employees, the following formula will apply:

Basic monthly salary x 12 months
---------------------------------------------------
2080 hours (5 x 8 hours x 52 months)

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SaiLenFatt
post Dec 7 2006, 11:01 AM


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QUOTE(ncs_malaysia @ Dec 7 2006, 10:48 AM)
Computation of Daily Rate. The following formula is provide in my HR guidelines. In my opinion, the formula isn't correct. What u all think?

Thanks for your advice.
a) To determine the daily rate of monthly paid employees, the following formula will apply:

Basic monthly salary x 12 months
--------------------------------------------------- 
2080 hours (5 x 8 hours x 52 months)

icon_question.gif  icon_question.gif
*
This is the standard formula for HOURLY rate for office workers lar... and the last one at the bottom is 52 WEEKS not MONTHS.

This post has been edited by SaiLenFatt: Dec 7 2006, 11:01 AM
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ncs_malaysia
post Dec 7 2006, 01:42 PM


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True, this is what I am thinking too! Send e-mail to my HR, but NON of them actually reply my e-mail.

I am resigning and my last day is end of Dec. And, I have about 29days of unused leave which are entitle for encashment and therefore the calculation does make a different!!
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ncs_malaysia
post Dec 7 2006, 03:33 PM


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Finally, got the reply from the Head of HR.
She said :"The policy in HR Guideline does not apply to staff serving notice. Instead the calculation of wages is based on Malaysian Labour Law."

Anyone here can verify this statement?

Thanks.
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GiNgEr^fIsH
post Dec 7 2006, 06:39 PM


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Here..

OT Formula



1. Monthly Rated Employees

Salary per Day:
Monthly Basic Salary / 26

Salary per Hour:
Monthly Basic Salary / (26 x 8)




O/T on Weekdays and Off Days:
(Monthly Basic Salary / (26 x 8)) x 1.5 x Overtime Hours

O/T on Rest Days:
OT hours is < 4 hours; (Monthly Basic Salary / 26) x 0.5
OT hours is > 4 hours, < 8 hours; Monthly Basic Salary / 26
OT hours is > 8 hours; (Monthly Basic Salary / (26 x 8)) x 2.0 x OT Hours

O/T on Public Holidays:
OT hours is < 8 hours; (Monthly Basic Salary / 26) x 2.0
OT hours is > 8 hours; (Monthly Basic Salary / (26 x 8)) x 3.0 x OT Hours



2. Daily Rated Employees

Salary per Hour:
Daily Basic Salary / 8




O/T on Weekdays and Off Days:
(Daily Basic Salary / 8) x 1.5 x Overtime Hours

O/T on Rest Days:
OT hours is < 4 hours; Daily Basic Salary
OT hours is > 4 hours, < 8 hours; Daily Basic Salary x 2
OT hours is > 8 hours; (Daily Basic Salary / 8) x 2.0 x OT Hours

O/T on Public Holidays:
OT hours is < 8 hours; Daily Basic Salary x 2.0
OT hours is > 8 hours; (Daily Basic Salary / 8) x 3.0 x OT Hours

This is from the standard Employment Act. Applicable to those earning 1.5k n less for Peninsula.. below 2k in Sabah n Sarawak.

Cheers


EDIT: opps.. thought you wanted OT calculation.. pls refer to the bolded fonts

This post has been edited by GiNgEr^fIsH: Dec 7 2006, 06:41 PM
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ncs_malaysia
post Dec 7 2006, 10:52 PM


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Thanks GiNgEr^fIsH.

Well, I have tender my resignation and given 1month notice as required by my employment contract. I have been with the company for 10months.

However, I have total of 11days of Annual Leave and 18days of Substitute Leave.

To make it simple, let's say my monthly salary is RM2, 000
My working hours is 0830 to 1730, Monday to Friday
No Over Time if worked on Saturday, Sunday or Public Holiday. Only can claim Substitule Leave.

My question is,
what is the rate I use to calculate the payoff for my Annual Leave and Substitule Leave? Is this stated in any Labour Law?

Thanks. icon_question.gif icon_question.gif

This post has been edited by ncs_malaysia: Dec 7 2006, 10:53 PM
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adwin
post Dec 16 2006, 04:19 PM


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whoah .....

any calculations on those who work 12 hours basis ?

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e.g. 15 days a month .... tongue.gif
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clarencetan
post Dec 16 2006, 05:01 PM


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different company may adopt different policies
my company applies a salary perday/25days
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p4n6
post Dec 16 2006, 05:11 PM


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If a company states in the contract saying you might need to work over time and on weekend. Does it mean it will not pay OT for you?
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clarencetan
post Dec 16 2006, 11:02 PM


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technically speaking, yes
practically not
cause if the company culture is most ppl coming back on weekend to clear their work it is considered as a "voluntary basis". even if it is allowed to claim when others is not claiming, u think u dare to submit your claim form

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