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Mar 14, 2024 · If you are a monthly-rated employee covered under Part IV of the Employment Act, use this calculator to find out your pay for working overtime. A non-workman earning a monthly basic salary of $2,600 or less. A workman earning a monthly basic salary of $4,500 or less.
Calculation of Hourly Basic Wage (Current) Overtime Hourly Wage (New) Overtime Hourly Wage $1,600 12 x Monthly Basic Rate of Pay 52 x 44 12 x $1,600 52 x 44 = $ 8.40 $8.40 x 1.5 = $12.60 $8.40 x 1.5 = $12.60 (no change) $2,250 12 x $2,250 52 x 44 = $ 11.80 Not covered on OT pay $11.80 x 1.5 = $17.70 $2,400 12 x $2,250
Mar 14, 2024 · The overtime pay is: $13.60 × 1.5 × 2 hours = $40.80. Calculate your overtime pay. Find out how to prevent overtime pay disputes or claims . How overtime pay is calculated.
Feb 6, 2024 · According to MOM, employees who do overtime work must be paid 1.5 times their basic hourly rate of pay.
Aug 16, 2023 · Streamlining the calculation of overtime pay can greatly benefit your organization. By utilizing the Payroll and Attendance and Scheduling features from HRMLabs, you can automate the process, ensuring accurate and compliant calculations.
Apr 1, 2019 · Calculate monthly-rated employee overtime pay effortlessly with our free overtime calculator. Accurate MOM OT calculation in just a few clicks.
Singapore Overtime Pay calculation (Image/ Swingvy) Overtime Pay on a Normal Work Day. On a normal workday, overtime pay rate is payable at 1.5x the standard hourly rate. However, it’s important to note that this is not calculated daily, but weekly, and paid only if the worker works more than 44h per week.
