Scribd Logo
Upload

Welcome to Scribd!

  • 94 views

    Section 9 EMR

    Uploaded by

    Chii Duchess
    This document provides a suggested formula for determining equivalent monthly regional minimum wage rates for employees who work every day, including Sundays, rest days, special days, and regular holidays. The formula is: Equivalent Monthly Rate = Applicable Daily Wage Rate x 392.5 days / 12 months. 392.5 days is the total number of days in a year including ordinary working days, regular holidays, rest days compensated at 130%, and special days compensated at 130%.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content

    You might also like

    Section 9 EMR

    Uploaded by

    Chii Duchess
    94 views1 page
    This document provides a suggested formula for determining equivalent monthly regional minimum wage rates for employees who work every day, including Sundays, rest days, special days, and regular holidays. The formula is: Equivalent Monthly Rate = Applicable Daily Wage Rate x 392.5 days / 12 months. 392.5 days is the total number of days in a year including ordinary working days, regular holidays, rest days compensated at 130%, and special days compensated at 130%.

    Original Description:

    Copyright

    © Attribution Non-Commercial (BY-NC)

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    This document provides a suggested formula for determining equivalent monthly regional minimum wage rates for employees who work every day, including Sundays, rest days, special days, and regular holidays. The formula is: Equivalent Monthly Rate = Applicable Daily Wage Rate x 392.5 days / 12 months. 392.5 days is the total number of days in a year including ordinary working days, regular holidays, rest days compensated at 130%, and special days compensated at 130%.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    94 views1 page

    Section 9 EMR

    Uploaded by

    Chii Duchess
    This document provides a suggested formula for determining equivalent monthly regional minimum wage rates for employees who work every day, including Sundays, rest days, special days, and regular holidays. The formula is: Equivalent Monthly Rate = Applicable Daily Wage Rate x 392.5 days / 12 months. 392.5 days is the total number of days in a year including ordinary working days, regular holidays, rest days compensated at 130%, and special days compensated at 130%.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    Section 9.

    SUGGESTED FORMULA IN DETERMINING THE EQUIVALENT MONTHLY REGIONAL


    MINIMUM WAGE RATES.

    Without prejudice to existing company practices, agreements or policies, the following formula may be
    used as guides in determining the equivalent monthly minimum wage rates:

    a) For those who are required to work everyday including Sundays or rest days, special days and regular
    holidays:

    Equivalent = Applicable Daily Wage Rate (ADR) x 392.5 days


    Monthly Rate (EMR) 12 months

    Where 392.5 days:

    299 ordinary working days


    22 regular holidays
    67.6 52 rest days x 130%
    3.9 3 special days x 130%
    392.5 Total no. of days/year (FACTOR USED IN “AVERAGE PAY”)

    300 ordinary working days at 125% 375


    10 legal holidays at 130% of 200% 26
    1 legal holiday/Sundays at 130% of 260% 3.38
    51 rest days at 130% of 130% 86.19
    3 special holidays at 130% of 130% 5.07
    (FACTOR USED IN "OVERTIME PAY") 495.64

    You might also like